The Naya Pakistan Certificates are an undeserved privilege for expat Pakistanis: high-interest deposits available ONLY to expats and NOT to resident Pakistanis, but paid for by the hard work and taxes paid by resident Pakistanis. How on earth is that fair? https://profit.pakistantoday.com.pk/2020/10/05/naya-pakistan-certificates-undeserved-special-privileges-for-expats/

Then there is the egregious macroeconomic flaw in them: they are high-cost US dollar-denominated borrowing to finance the government's budget deficit. This is even worse that Ishaq Dar issuing sovereign bonds to do basically the same thing during the Nawaz Administration.

At least Ishaq Dar got better rates, and managed to get the bonds underwritten, which made the amount of the proceeds somewhat more predictable. These are higher rates (with the same credit rating) and no predictability of how much can be raised.

To be clear, I have no problem with the Roshan Pakistan accounts if they are seen as a pilot program to allow for online account opening for ALL Pakistanis, not just expats.

But this putting expats on a pedestal thing has got to stop. It is just not fair.