 |
|
|
|
 |
| FD Circular Letter No. 05 of 2023 |
September 14, 2023 |
The Presidents / Chief Executives
All Agent Banks
Dear Sirs/Madams,
|
| Standard Operating Procedures (SOPs) for Investment in Conventional Naya Pakistan Certificates (Certificates) |
Please refer to Finance Department Circular No. 3 of 2020 dated September 11, 2020, Circular Letter No. 1 of 2021 dated February 19, 2021, Circular Letter No. 6 of 2022 dated September 19, 2022 and Circular Letter No. 1 of 2023 dated January 23, 2023 regarding Standard Operating Procedure for Investment in Conventional Naya Pakistan Certificates.
|
In this regard, all agent banks are hereby informed that Government of Pakistan, Finance Division (External Finance Wing), vide Gazette notifications No. S.R.O. 1191(I)/2023 dated August 31, 2023, (Annexure-A) has notified the revision in rate of return in NPCs as under:
| Currency |
Minimum Investment |
Rate of return (Gross annual return before tax) |
| 3-Month |
6-Month |
12-Month |
3-Year |
5-Year |
| USD |
1,000 with integral multiples of 500 |
8.25% |
8.50% |
9.00% |
8.00% |
8.00% |
| PKR |
10,000 with integral multiples of 1,000 |
21.00% |
21.25% |
21.50% |
17.50% |
15.00% |
| GBP |
1,000 with integral multiples of 500 |
7.25% |
7.50% |
8.00% |
7.50% |
7.50% |
| Euro |
1,000 with integral multiples of 500 |
6.25% |
6.50% |
7.00% |
6.50% |
6.50% |
|
The aforesaid revisions shall be in force from 01st September, 2023.
|
Please acknowledge receipt.
|
|
Yours faithfully,
-sd-
(Allauddin Achakzai)
Additional Director-Finance
|
|
| |
| |
|
| |
|
|
|
|