Please refer to FD Circular No. 03 of 2020, dated September 10, 2020 and subsequent instructions issued regarding Standard Operating Procedure for Investment in Conventional Naya Pakistan Certificates, all agent banks are hereby informed that Government of Pakistan, Finance Division (External Finance Wing), vide Gazette Notification No. S.R.O.870(I)/2026, dated May 15, 2026 (Annexure-A) has notified that the NPCs shall also be issued in Saudi Arabian Riyal (SAR) and UAE Dirham (AED). Moreover, Government of Pakistan vide the Gazette Notification ibid has also notified the updated rates of return of the 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 |
6.75% |
7.00% |
7.25% |
7.50% |
7.75% |
PKR |
10,000 with integral multiples of 1,000 |
11.75% |
12.00% |
12.25% |
12.50% |
12.75% |
GBP |
1,000 with integral multiples of 500 |
6.75% |
7.25% |
7.50% |
7.75% |
8.00% |
Euro |
1,000 with integral multiples of 500 |
4.75% |
5.25% |
5.50% |
6.00% |
6.25% |
SAR |
1,000 with integral multiples of 500 |
6.50% |
6.75% |
7.00% |
7.25% |
7.50% |
AED |
1,000 with integral multiples of 500 |
6.50% |
6.75% |
7.00% |
7.25% |
7.50% |
2. The procedure for investment in Certificates, periodic coupon payment, pre-mature encashment and redemption at maturity as notified vide FD Circulars issued from time to time on the subject, shall also apply to the NPCs denominated in SAR and AED. However, the agent banks shall remit the face value of the Certificates to the following Nostro Accounts of SBP:
a. Saudi Arabian Riyal (SAR)
Name of Payee: State Bank of Pakistan
Payee's Address: I. I. Chundrigar Road, Karachi, Pakistan
Payee's SWIFT Code: SBPPPKKA
Bank Name: Saudi National Bank
Bank Address: Riyadh, Saudi Arabia
Payee's Account No: 88300000006704
Bank SWIFT Code: NCBKSAJE
b. UAE Dirham (AED)
Name of Payee: State Bank of Pakistan
Payee's Address: I. I. Chundrigar Road, Karachi, Pakistan
Payee's SWIFT Code: SBPPPKKA
Bank Name: First Abu Dhabi Bank
Bank Address: Abu Dhabi, UAE
Payee's Account No: 4022003276058015
Bank SWIFT Code: NBADAEAAVOS
3. The revised rates of return, as given in para 1 above, shall be applicable on NPC issued from June 01, 2026 onwards.
4. Please acknowledge receipt.