Govt to Launch Savings Certificates for Overseas Pakistanis

0
82

Central Directorate of National Savings is all set to launch Overseas Pakistanis Savings Certificates (OPSC) after a formal nod from Dr Miftah Ismail, Adviser to the Prime Minister for Finance, Economic Affairs and Revenue to appoint Manager to Issue (MTI).

.example_responsive_1{width:300px;height:250px}@media(min-width:400px){.example_responsive_1{width:336px;height:280px}}

Request for Proposal (RFP) for the appointment of MTI shall be available from Saturday. A Pre-Bid Conference for all the banks is being organized at Moven Pick, Hotel, Karachi on Thursday, April 19, 2018.


ALSO READ

SBP Keeps Policy Rate Unchanged at 6%


The CDNS invites senior management from financial institutions’ custody, operations, compliance, financial institutions/ international banking and investment banking departments to attend the pre-bid conference, said a press release issued on Friday.

The OPSC shall be issued offshore only, in US$ and PKR denominations, to non-resident Pakistanis which will provide them an opportunity to invest in risk-free government securities besides improving foreign exchange reserves of the government of Pakistan.

Originally Published on ProPakistani.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here