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Pakistan launches dollar bond to strengthen economy

Pakistan has launched a dollar bond under the Pakistan Banao (make) Certificate to strengthen the deteriorating economy. Prime Minister Imran Khan launched Pakistan Banao Certificate mainly to attract investment from overseas Pakistanis.

Purely a dollar-based financial investment, the government has offered overseas Pakistanis a mark-up rate of 6.25 to 6.72 percent per annum with a minimum investment limit of $5,000 for the period of three to five years.

Addressing the launching ceremony of Pakistan Banao Certificate Prime Minister Imran Khan urged the overseas Pakistanis to come forward and invest in the scheme to help the country overcome the economic crisis.

The launching ceremony was attended by the federal cabinet members, special assistants to the Prime Minister, Punjab Chief Minister Sardar Usman Buzdar, parliamentarians, senior government officials and a large number of overseas Pakistanis.

Prime Minister Khan said Pakistan could become a role model for developing world once the ongoing efforts by the government came to fruition.

Praising the efforts put in by the finance minister, Governor State Bank, he remarked that the Pakistan Banao Certificate should have been launched earlier to attract the investment from expatriates. He said though the bond offered return in dollar denomination but he urged the expatriates to get the profit in rupee to support the national currency.

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