PM to Launch Naya Pakistan Certificates for Overseas Pakistanis

PM to Launch Naya Pakistan Certificates for Overseas Pakistanis – no tax filling, only 10% withholding tax applicable on net profit.

In a recent news, the PM of Pakistan will officially launch the Naya Pakistan Certificates for overseas Pakistanis.

The development in this regard was shared by Senator Javed Khan:

Yet another great news for our Overseas Pakistanis and those Pakistanis who have declared assets abroad with FBR. PM Imran Khan is launching Naya Pakistan Certificates by the State Bank of Pakistan (SBP)

The certificates are according to Shariah and will be available for a period of 3 months to 5 years for the overseas Pakistanis.

It was also mentioned that there will be NRPs and no tax filing will be required, only 10% holding tax will be applicable to net profit.

To make the process easy, Faisal Javed also added that these Certificates will be fully refundable and no approval would be required to transfer these funds abroad.

A similar announcement was first made by SBP a few weeks ago.

With these foreign-based investments, the country could predict an up rise in the economy of the country and a stabilizing PKR-USD rate over the period

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