[ INVESTMENT FROM
ABROAD ]
Q.09. I am presently
out of the country and want to withdraw the profit of my
investment made in NSS in Pakistan, can I do this? If yes, what
are the steps?
Ans: As per rules a purchaser can nominate an
agent for collection of profit of the principal at his personal risk after
issuing a power of attorney duly attested by the Pakistani missions working in
that country subject to entire satisfaction of the Officer Incharge of National
Savings Centre concerned.
Q.10 What is the procedure to invest in National
Savings Schemes from abroad? In which scheme(s)
I can invest, and what documents are required?
Ans: Investment from abroad can be made
through Bank Draft/Cheque in any foreign currency in favour of any of our
office(s), alongwith the application form duly filled in and the copies of
Passport and National identity Card. The Bank Drafts got prepared in Pak rupee
from abroad are cleared much earlier than those in foreign currency. It would be
more proper if these are payable at the same city where the investment is
intended to be made.
The investment in the
National Savings Schemes is maintained and expressed in Pak rupee only. Amount
received in foreign currency is converted into Pak rupee on the prevailing
official exchange rate through normal Banking channels for investment in
National Savings Schemes. Moreover, the principal and profit accrued on a
certificate issued against foreign exchange received through remittance shall be
payable abroad to the purchaser in foreign exchange if so desired by the
investor. For the purpose, the payable amount shall be converted into the
desired currency at the official exchange rate prevailing at the time of
conversion/payment.
General Quires
Prize Bonds &
Payment of Prize Money
Withholding Tax
Zakat Matters
FREQUENTLY
ASKED QUESTIONs