2026-03-26 | FD Circular Letter No.03

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

This notification supersedes previous regulations to establish updated minimum denominations and rates of return for Naya Pakistan Certificates denominated in US Dollars, British Pounds, and Euros. The issuance framework specifies tiered interest rates ranging from three-month to five-year tenors across these three currencies. These revised rates of return for Naya Pakistan Certificates become effective immediately upon the date of the SBP Circular Letter.

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