Increased rate of return on Naya Pakistan Certificates

BusinessIncreased rate of return on Naya Pakistan Certificates

The government of Pakistan has increased the rate of return on Naya Pakistan Certificates (NPCs).

Now Overseas Pakistanis holding Roshan Digital Accounts can avail even higher returns on their investments in NPCs.Increased rate of return on Naya Pakistan Certificates

Return on Naya Pakistan Certificates

PKR
Tenor
Existing Rate
Revised Rate
Increase
3 months15.00%21.00%6.00%
6 months15.25%21.25%6.00%
12 months15.50%21.50%6.00%
3 years14.00%17.50%3.50%
5 years13.50%15.00%1.50%

USD

Tenor
Existing Rate
Revised Rate
Increase
3 months7.00%8.25%1.25%
6 months7.20%8.50%1.30%
12 months7.50%9.00%1.50%
3 years8.00%8.00%0.00%
5 years8.00%8.00%0.00%

GBP

Tenor
Existing Rate
Revised Rate
Increase
3 months5.50%7.25%1.75%
6 months6.00%7.50%1.50%
12 months7.00%8.00%1.00%
3 years7.50%7.50%0.00%
5 years7.50%7.50%0.00%

Euro

Tenor
Existing Rate
Revised Rate
Increase
3 months4.00%6.25%2.25%
6 months4.50%6.50%2.00%
12 months5.00%7.00%2.00%
3 years6.50%6.50%0.00%
5 years6.50%6.50%0.00%

Roshan Digital Account for Resident Pakistanis

Eligible Resident Pakistanis

Resident Pakistanis who have declared assets abroad with the Federal Board of Revenue (FBR) can open a Foreign Currency Roshan Digital Account. Through this account, among other facilities, they will be able to invest in Naya Pakistan Certificates, denominated in US Dollar (USD), British Pound (GBP) and Euro, the newly-launched debt securities of the government of Pakistan offering attractive returns over different maturities.

Opening an Account

  1. Physically visit participating banks: The account can be opened by visiting a branch of any of the following partner banks in Pakistan: Bank Alfalah, Faysal Bank, Habib Bank, MCB, Meezan, Samba, Standard Chartered, Dubai Islamic Bank, Habib Metropolitan Bank, Bank Al Habib and UBL.
  2. Follow usual process: The standard account opening process for resident Pakistanis will apply.
  3. Provide tax return or signed affidavit: In addition to standard documents required for KYC/CDD, either (i) the latest wealth statement filed with FBR showing declaration/disclosure of assets held abroad or (ii) a signed affidavit stating the value of assets held abroad as declared in the latest wealth statement filed with FBR will be required.
  4. Joint account facility: The account can be opened jointly with another resident Pakistani.
Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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