ISLAMABAD: Prime Minister Imran Khan on Thursday inaugurated ‘Pakistan Banao Certificates& scheme to attract investment from abroad Pakistanis to help strengthen the national economy.What is Pakistan Banao schemeAccording to official twitter handle of Imran Khan&s PTI, the Pakistan Banao Certificates is the first initiative of its kind for Overseas Pakistanis. They get a unique opportunity to safely invest their savings with higher profits rates than United States, Europe, Gulf countries while helping build Pakistan.Overseas Pakistanis shall be able to earn profits from their investment in certificates.It is a revolutionary initiative of Pakistan government to enable the Overseas Pakistanis to buy the Certificates and their investments shall much only drive Pakistan towards progress and prosperity but also they&ll be able to get profits from it.How to subscribe:Pakistan Banao Certificates is a sovereign US Dollar deappointd retail level instrument, for Pakistanis having bank accounts abroad. The subscription process is easy and totally automated.Click here for registrationDigital SubscriptionPBC is being offered for subscription through a specially designed Web-Portal. The investors first register themselves on the portal and give their investment and bank account details on successful registration. The certificates are issued to the investors electronically on receipt of funds in State Bank of Pakistan Account given on the portal. The investor gets confirmation of the issuance of the certificates both through email and updation of their account on the portal. The investors can view the status of their application by accessing the web-portal through their respective employr ID and Password.Eligible InvestorsThe holders of any one or more of following documents and having own bank account abroad, are eligible to subscribe the PBCs.Pakistani individual having Computerized National Identity Card (CNIC).Pakistani individual having National Identity Card for Overseas Pakistanis (NICOP).Holders of Pakistan Origin Card (POC).Minimum Investment Quantity:Minimum investment amount is USD 5,000 or higher in the integral multiple of US$1,000 with no maximum limit.Profit Rate: Profit rate on three years plan shall be 6.25 percent payable bi-annuallyProfit rate on five years plan shall be 6.75 percent payable bi-annually Transfer of Enjoymentds:The investor shall remit the meaned investment amount from his/her own account external Pakistan to the SBP account with National Bank of Pakistan (NBP) fresh York to be muchified to the investors on completion of investment details on the portal.Investors are requested to endegree that the funds reaching the SBP account with NBP fresh York are equivalent to their meaned investment amounts net of bank charges, if any.Type of Instrument:PBCs is a scrip-less instrument registered in the Securities General Ledgers Account (SGLA) preserveed at State Bank of Pakistan (SBP). PBCs so issued shall be residing in an Investor Portfolio Security Account (IPS) of the investor, so as to keep track of investment of each individual investor.Premature Encashment: Premature encashment in Pak Rupees can be done anytime without levy or penalty. In case of encashment in USD within first year of issuance, a penalty of 1 percent shall be levied Key benefitsProfit on bi-annual basis.Maturity in USD as well as PKR.PKR maturity has an added incentive of 1% on the final premium.Can be en-cashed at any time; however encashment in USD within one year of issuance entails 1 percent penaltyEncashment application shall also be submitted online by accessing the Redemption module of PBC portalPeriodic Profit and redemption proceeds shall be sent to the investors& accounts designated at the time of investment