Plenty of ways to attract USD | The Express Tribune thumbnail
Plenty of ways to attract USD | The Express Tribune
tribune.com.pk
One, Naya Pakistan Certificate (NPC): There is inordinate delay in revising the returns offered on both PKR and USD instruments. Lately, Egypt raised global debt at nearly 11% yield having a better credit rating than ours. There is no harm if we were to borrow at 9-10% from overseas Pakistanis with
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  • One, Naya Pakistan Certificate (NPC): There is inordinate delay in revising the returns offered on both PKR and USD instruments.
  • Lately, Egypt raised global debt at nearly 11% yield having a better credit rating than ours. There is no harm if we were to borrow at 9-10% from overseas Pakistanis with additional benefit for rupee conversion. The reduced tax rate incentives must continue for both instruments
  • Two, Loyalty Remittance Cards: Pakistanis spending X amount of money back home via remittances should be rewarded with credits, with 2-3% of tax credits on incremental inflows with concrete benefits.
  • The intent is to use Pakistan for their banking needs and make it easier to borrow from them
  • Three, Overseas Pakistanis Justice Courts: There should be dedicated courts to hear legitimate legal cases of overseas Pakistanis pertaining to civil and criminal nature with a time-bound trial to be concluded.

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