Naya Pakistan Certificates Rules 2020 by Finance Division

Last Updated on September 15, 2020 by Galaxy World

The government of Pakistan, Finance Division has issued a Notification on 11-09-2020 in connection with Naya Pakistan Certificates Rules 2020. The details are as under:

 

Naya Pakistan Certificates Rules 2020

 

In exercise of the powers conferred by rules 8 and 12 of the Naya Pakistan Certificate Rules 2020, the Finance Division is pleased to Notify it.  According to it the certificates in the currency specified in Column (1) of the Table below shall be issued with a corresponding minimum denomination of the currency. This is specified in column (2) of that table. This will have a rate of return as specified in columns 3, 4, 5, 6, and 7 respectively.

 

Table of Minimum Denomination & Return

 

 

Sr. No Currency Minimum Denomination Rate of Return
      Three Months Six Months Twelve Months Three Years Five Years
1 2 3 4 5 6 7 8
1 US Dollar (USD) 5,000 USD 5.5% on Maturity 6% on Maturity 6.5% on Maturity 6.75% per annum on a semi-annual basis 7% per annum on a semi-annual basis
2 Pak Rupees (PKR) 100,000 PKR 9.5% on Maturity 10% on Maturity 10.5% on Maturity 10.75% per annum on a semi-annual basis 11% per annum on a semi-annual basis

 

 

Naya Pakistan Certificates Rules 2020 by Finance Division

 

Naya Pakistan Certificate Rules 2020

This Notification extraordinarily published on 12th September 2020 in the Gazette of Pakistan.

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