The Chief Executives / Presidents

All Agent Banks

Dear Sir(s) / Madam,

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

(NPCs) & Islamic Naya Pakistan Certificates (INPCs)

Please refer to FD Circular No. 03 of 2020, dated September 11, 2020 and FD Circular No. 07 of 2020, dated October 22, 2020 regarding the Standard Operating Procedure (SOPs) for investment in NPCs and INPCs. Reference is also made to FD Circular Letter No. 1 of 2021 dated February 19, 2021 regarding issuance of GBP and Euro denominated NPCs/INPCs.

The agent banks are hereby informed that the formats for consolidating the orders for NPCs and INPCs received from FCVA or NRVA holders are revised as per the prescribed formats Annexure A and Annexure B respectively.

The aforesaid revisions shall be in force with immediate effect. Remaining SOPs as per the aforesaid Circulars shall remain unchanged.

Please acknowledge receipt.