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, Circular Letter No. 5 of 2023 dated September 14, 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 Notification No. S.R.O. 33(I)/2025 dated January 16, 2025 and S. R. O. 174(I) 2025 dated February 12, 2025 (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	7.00%	7.00%	7.00%	7.50%	7.50%
PKR	10,000 with integral multiples of 1,000	13.50%	13.50%	13.00%	12.50%	12.50%
GBP	1,000 with integral multiples of 500	7.25%	7.25%	7.25%	7.50%	7.50%
Euro	1,000 with integral multiples of 500	5.25%	5.25%	5.25%	5.25%	5.25%

The aforesaid revisions shall be in force immediately.

Please acknowledge receipt.