Islamabad: The Federal Government of Pakistan has decided to link saving certificates for overseas Pakistanis with Diamer-Bhasha and Mohmand Dams, reported a news source. The government is looking to set a five or seven year limit for getting these certificates cashed.
In addition to these saving certificates, at least three more saving schemes and sharia bonds will also be launched soon. The information was shared by Finance Minister Asad Umar while chairing a meeting to discuss these schemes. According to Umar, the plans for saving certificates and sharia bonds are ready; details on percentage of profit and its duration is now to be chalked out.
The source claim that the suggestion to keep these certificate non-cashable for five to seven years is also being considered. This is intended to generate funds for dams without causing any additional burden on national exchequer.
