The Presidents / Chief Executives

All NPC Agent Banks

Dear Sirs/Madams,

Standard Operating Procedures (SOPs) for Investment in Naya Pakistan Certificates

Please refer to Finance Department Circular Letter No. 4 of 2026 dated June 01, 2026 regarding issuance of UAE Dirham (AED) denominated Naya Pakistan Certificates (NPCs).

2.           In this regard, all agent banks are hereby informed that they shall remit the face value of the AED denominated Certificates to the following Nostro Account of SBP maintained with Emirates NBD Bank, Dubai from October 15, 2026:

Name of Payee:         State Bank of Pakistan

Payee's Address:           I.I. Chundrigar Road, Karachi, Pakistan

Payee's SWIFT Code:       SBPPPKKA

Bank Name:                     Emirates NBD Bank

Bank Address:                 Dubai, UAE

Payee's Account No:     1262149333201

Bank SWIFT Code:         EBILAEADXXX

3.             All other instructions on the subject will remain unchanged.

Please acknowledge receipt.