Staff Reporter
Islamabad
Prime Minister Imran Khan has said that the economy is moving in the right direction and all a economic indicators are on the positive trajectory.
“After 17 years the current account is in surplus which is unfortunately not being highlighted ,” said the premier while addressing a ‘Naya Pakistan Certificates’ launching ceremony in Islamabad on Thursday.
The initiative would facilitate overseas Pakistanis to invest in their home country and get good return, he added.
Under the initiative, the non-resident Pakistanis – who have an account at a local bank under the recently launched Roshan Digital Account (RDA) – and resident Pakistanis – who have declared assets abroad with the Federal Board of Revenue (FBR) – are eligible to invest in the three-month to five-year long Shariah-compliant saving certificates – Islamic Naya Pakistan Certificates (INPCs) – both in foreign currencies (mainly in US dollar) and local rupee-denominations. In local rupee-term, the government is offering annualised return of 9.5% on three-month certificate, 10% on six-month certificate, 10.5% on 12-month, 10.75% on three-year and 11% on five-year saving certificate.
However, the premier admitted that the food prices are high in the country. “The only problem is food inflation which is also high in our neighbouring countries including in India.”
