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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 sincerely,
Allauddin Achakzai
Additional Director