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