Regulatory Alerts2026-02-25 | FD Circular Letter No.01Notification on Rates of Return for Naya Pakistan Certificates
The Finance Division has issued updated rates of return for Naya Pakistan Certificates across Pak Rupees, US Dollars, GBP, and Euro denominations. These rates apply to investment tenors ranging from 3 months to 5 years, with specific minimum denomination requirements for each currency. These updated returns become effective starting from the date of the SBP Circular Letter.
Government of Pakistan Finance Division (External Finance Wing)
NOTIFICATION
Islamabad, the 13th February, 2026
S.R.O. (I)/2026.- In pursuance of the powers conferred by rules 8 and 12 of the Naya Pakistan Certificates Rules, 2020, and in supersession of its Notification No. S.R.O. 33(I)/2025 dated the 16th January, 2025, the Finance Division is pleased to notify that the certifications in the currency as specified in column (2) of the Table below shall be issued with corresponding minimum denomination of the currency as specified in column (3) of that Table and shall have rate of return as specified in columns (4), (5), (6), (7) and (8) respectively of the said Table, namely:
| Sr. No. | Currency | Minimum Denomination | 3 months | 6 months | 12 months | 3 year | 5 year |
|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
| 1. | Pak Rupees | 10,000 Pak Rupees | 10.75% | 11.00% | 11.00% | 11.25% | 11.50% |
| 2. | US Dollars | 1000 US Dollars | 5.50% | 5.50% | 5.75% | 6.00% | 6.25% |
| 3. | GBP | 1000 GBP | 5.50% | 5.75% | 6.00% | 6.25% | 6.50% |
| 4. | Euro | 1000 Euros | 3.50% | 3.75% | 4.00% | 4.50% | 4.75% |
- The above rates of return on Naya Pakistan Certificates (NPC) shall become effective from the date of SBP Circular Letter.