Islamabad: The State Bank of Pakistan (SBP) has provided its sanction for resident Pakistanis – whose assets abroad have been declared to the Federal Board of Revenue (FBR) – to invest in the USD Naya Pakistan Certificates through their Foreign Currency Roshan Digital Accounts, according to a news source published on September 19.
The Government of Pakistan has recently launched a foreign currency-denominated debt securities – in form of USD or PKR Naya Pakistan Certificates.
The SBP’s website states that the resident Pakistanis, with declared assets abroad, can now open their Foreign Currency Roshan Digital Accounts and invest in these certificates with higher returns. The interested parties can physically visit one of the eight partner banks and follow the standard account opening procedure. They will have to provide their tax returns in addition to the regular documents. Moreover, they can also avail the facility of a ‘joint account’.
Reportedly, these accounts can be fed with the remittances from abroad – through appropriate banking channels. However, feeding accounts from local sources is not permitted.
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