Regulatory Alerts2025-02-20 | FD Circular Letter No.01Added · Updated
Amendment to Notification Regarding Rates of Return on Naya Pakistan Certificates
The Finance Division notifies revised gross annual rates of return for Conventional Naya Pakistan Certificates across USD, PKR, GBP, and Euro denominations for tenures ranging from three months to five years. Minimum investment thresholds are set at 1,000 USD, 10,000 PKR, 1,000 GBP, and 1,000 Euro, with specified integral multiples for additional investments. These revised rates apply immediately to all agent banks.
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FD Circular Letter No.01
Standard Operating Procedures (SOPs) for Investment in Conventional Naya Pakistan Certificates (Certificates)
February 20, 2025
558
The Presidents / Chief Executives
All Agent Banks
Dear Sir/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, Circular Letter No. 5 of 2023 dated September 14, 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 Notification No. S.R.O. 33(I)/2025 dated January 16, 2025 and S. R. O. 174(I) 2025 dated February 12, 2025 ( 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
7.00%
7.00%
7.00%
7.50%
7.50%
PKR
10,000 with integral multiples of 1,000
13.50%
13.50%
13.00%
12.50%
12.50%
GBP
1,000 with integral multiples of 500
7.25%
7.25%
7.25%
7.50%
7.50%
Euro
1,000 with integral multiples of 500
5.25%
5.25%
5.25%
5.25%
5.25%
The aforesaid revisions shall be in force immediately.
Please acknowledge receipt.
Yours sincerely,
Syed Muhammad Khalil Naqvi Senior Joint Director-Finance
Home — Circulars — FD Circular Letter No.01
Standard Operating Procedures (SOPs) for Investment in Conventional Naya Pakistan Certificates (Certificates)
February 20, 2025
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