Regulatory Alerts2026-07-01 | FD Circular Letter No. 04 of 2026Added · Updated
Standard Operating Procedures for Investment in Conventional Naya Pakistan Certificates
The Government of Pakistan has authorized the issuance of Conventional Naya Pakistan Certificates (NPCs) in Saudi Arabian Riyal (SAR) and UAE Dirham (AED) with a minimum investment of 1,000 units and integral multiples of 500. Agent banks must remit the face value of these certificates to designated State Bank of Pakistan Nostro Accounts at Saudi National Bank and First Abu Dhabi Bank. Revised gross annual rates of return for all currencies, including the new SAR and AED tiers, apply to NPCs issued from June 1, 2026, onwards.
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