Roshan Digital Bank Accounts and Naya Pakistan Certificates

[NaNoW]

If anyone has opened a Roshan Digital Bank Account here already? and bought/invested in Naya Pakistan Certificates ?
how was the process? How was the experience ?

Is there anywhere where I can see the comparisons between different bank, their services and the rates they are offering?
I have seen that some of them have really nice returns rate on those

There is information online i.e

Naya Pakistan Certificate (NPC)

Bank AL Habib has always endeavored to support Pakistan in achieving its economic objectives for growth and prosperity. The Bank now offers Naya Pakistan Certificates (NPCs), which are PKR, USD, GBP and EUR denominated instruments issued by the Government of Pakistan with attractive risk-free...

www.bankalhabib.com

Naya Pakistan Certificates (for Roshan Digital Account Customers)

www.bankalfalah.com

but not comparisons or experience of people

Specially looking to hear from overseas pakistanis

@Chandoo @Necrokiller @Major Aly -- others?

 

[Major Aly]

@NaNoW

I had my account opened in Feb'21 in SCB, although no experience yet regarding NPCs.

 

[Chandoo]

Sorry @NaNoW
No idea about what this is.

 

[Necrokiller]

No idea @NaNoW

 

[NaNoW]

Sorry @NaNoW
No idea about what this is.

look into it..pretty good schemes both of them, even if you dont put a ton of money into it, the USD return rate is pretty good - it will be difficult to get such good returns anywhere else in the world, fully risk-free*

*unless Pakistan as a nation stops existing

 

[Major Aly]

fully risk-free*

*unless Pakistan as a nation stops existing

What about regime changes affecting this?

 

[NaNoW]

What about regime changes affecting this?

No, not at all. Political party or even martial law doesnt have effect on this.

Roshan Digital is a bank account in association with State bank and bureaucracy and
Naya Pakistan are essentially fixed term bonds at an attractive rate, no political party can change the "Government- issued bond" or will ever stop respecting the certificate bonds (unless that state wants to get sued and lose billions)

I would suggest if you have some cash saved up and you are already not invested in anything, these bonds and return rate are exceptional value - upto 7.00% is quite nice, much better than money sitting in a bank and getting devalued due to inflation

3 Months 5.50% 9.50% Maturity 6 Months 6.00% 10.00% Maturity 12 Months 6.50% 10.50% Maturity 3 Years 6.75% 10.75% Bi-Annual 5 Years 7.00% 11.00% Bi-Annual

....its basically liquid cash, you can pull out investment at any time, you are getting a nice return on, while helping Pakistan get its reserves stronger...win-win situation

 

[NaNoW]

one reason for the the recent news regarding record remittances, is these bonds and bank accounts

Record remittances

Workers’ remittances are the single largest source of foreign currency for Pakistan ahead of exports.

www.dawn.com

Remittances Surge to Over $26 Billion During July 2020 - May 2021

Remittances sent by Overseas Pakistanis extended their record run with inflows of Rs. 2.5 billion received from various countries in

propakistani.pk

State Bank of Pakistan : Press Release of Workers’ Remittances in May 2021 (10-06-2021)

External Relations Department ERD/M&PRD/PR/01/2021-59 June... -June 10, 2021 at 01:36 am EDT - MarketScreener

www.marketscreener.com

some more useful info :

‘Roshan Digital Accounts, a reliable investment platform for diaspora’

ISLAMABAD - The government’s Roshan Digital Account scheme has turned out to be a reliable platform for overseas Pakistanis including the diaspora in

nation.com.pk

 

[manigamer]

No, not at all. Political party or even martial law doesnt have effect on this.

Roshan Digital is a bank account in association with State bank and bureaucracy and
Naya Pakistan are essentially fixed term bonds at an attractive rate, no political party can change the "Government- issued bond" or will ever stop respecting the certificate bonds (unless that state wants to get sued and lose billions)

I would suggest if you have some cash saved up and you are already not invested in anything, these bonds and return rate are exceptional value - upto 7.00% is quite nice, much better than money sitting in a bank and getting devalued due to inflation

3 Months 5.50% 9.50% Maturity 6 Months 6.00% 10.00% Maturity 12 Months 6.50% 10.50% Maturity 3 Years 6.75% 10.75% Bi-Annual 5 Years 7.00% 11.00% Bi-Annual

....its basically liquid cash, you can pull out investment at any time, you are getting a nice return on, while helping Pakistan get its reserves stronger...win-win situation

and this also brings down the dollar rate as well.