Karachi: The State Bank of Pakistan (SBP) has announced the launch of Naya Pakistan Certificates (NPCs) in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), expanding investment options for overseas Pakistanis living in the Gulf region.
According to a circular issued by the central bank on Monday, all banks have been informed that the Finance Division has approved the issuance of NPCs in both SAR and AED. The government has also revised the rates of return for investments under the scheme.
Under the new structure, investments in SAR and AED will offer identical returns. Investors will earn 6.50% on three-month certificates, 6.75% on six-month certificates, and 7.00% on one-year certificates. Returns on three-year and five-year tenors have been set at 7.25% and 7.50%, respectively.
Meanwhile, NPCs denominated in US dollars will continue to offer slightly higher returns. Investors will receive 6.75% for three months, 7.00% for six months, and 7.25% for one year. The profit rates for three-year and five-year investments have been increased to 7.50% and 7.75%, respectively.
Pakistani rupee-denominated certificates continue to offer the highest returns among all available currencies. Investors can earn 11.75% on three-month investments, 12.00% on six-month investments, and 12.25% on one-year certificates. The rates for three-year and five-year tenors stand at 12.50% and 12.75%, respectively.
In contrast, euro-denominated NPCs offer the lowest returns, ranging from 4.75% for three months to 5.50% for one-year investments.
Naya Pakistan Certificates have emerged as one of the most attractive investment instruments for overseas Pakistanis since their launch in 2020 under the Roshan Digital Account (RDA) initiative.
Latest SBP data shows that total inflows under Roshan Digital Accounts have reached USD 12.744 billion. More than 62% of these funds have been invested in NPCs, highlighting strong investor confidence in the scheme.
The data further reveals that approximately USD 8.15 billion of the total inflows has been utilized locally, while the net repatriable liability currently stands at USD 2.44 billion.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
