Regulatory Alerts2026-07-01 | FD Circular Letter No.04Added · Updated
Standard Operating Procedures for Investment in Conventional Naya Pakistan Certificates
The document establishes Standard Operating Procedures for investment in Conventional Naya Pakistan Certificates (NPC) denominated in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), effective for issues from June 01, 2026. It specifies minimum investment thresholds of 1,000 with integral multiples of 500 for these new currencies and sets gross annual rates of return ranging from 4.75% to 12.75% across tenors from three months to five years. Agent banks are required to remit face values to designated State Bank of Pakistan Nostro Accounts at Saudi National Bank for SAR and First Abu Dhabi Bank for AED.
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