ISLAMABAD -- Pakistan has launched a new investment certificate for its overseas citizens aimed at easing the country's balance of payments crisis, Prime Minister Imran Khan announced Thursday (January 31).
The scheme, called the "Make Pakistan" Certificate (PBC), is a sovereign US dollar-denominated bond with a minimum investment of $5,000 (Rs. 697,775).
"The purpose of launching the bond is to steer the country out of a very difficult period of its history by improving balance of payments, reducing budget and trade deficits," Khan said at a ceremony in Islamabad.
"I urge overseas Pakistanis to buy these certificates and invest in Pakistan and its bright future," he added.
The PBCs, which have no maximum investment amount, are available in three and five-year maturities, yielding 6.25% and 6.75%, respectively, according to the government.
