Regulatory Alerts2026-03-24 | FD Circular Letter No.02 of 2026Added · Updated
Standard Operating Procedures for Investment in Conventional and Shariah Compliant Naya Pakistan Certificates
The Government of Pakistan has amended the Naya Pakistan Certificate Rules to revise investor eligibility criteria. Non-resident persons, whether natural or juridical, who are eligible to open, operate, and maintain Foreign Currency Value Accounts, Foreign Currency Business Value Accounts, Non-Resident Pakistani Rupee Value Accounts, or Non-Resident Business Rupee Value Accounts are now permitted to purchase both conventional and Shariah-compliant Naya Pakistan Certificates. Agent banks are required to ensure compliance with these updated instructions effective upon the March 16, 2026 gazette notifications.
Topics
fx
islamic-finance
Share