Govt revises up Naya Pakistan Certificates’ rates of return

ISLAMABAD: The government on Friday revised up the rates of return for various currencies denominated Naya Pakistan Certificates over different maturities for the resident Pakistanis who have a Foreign Currency Roshan Digital Account.

According to a notification issued by the Finance Division, the rate of return for US dollar denominated Naya Pakistan Certificates (NPCs) with maturity of three months has been revised up from previous 5.5 per cent to 7.00 per cent while that with maturity  period of six month has been raised from 6.00 per cent to 7.20 per cent.

The rate of return for a period of one year has been revised up from 6.5 per cent to 7.5 per cent while that for a period of three years and five years has been increased to 8 per cent whereas the previous rate of return was 6.75 per cent and 7.00 per cent respectively.

The government has made no or very minor change in the rates of return for PKR denominated NPCs.

Also Read

Naya Pakistan certificates investment halves to $763mn in six months

Investors have withdrawn $660 million from Naya Pakistan Certificates The investment has halved...

Meanwhile, foreign investors have started divesting from the Naya Pakistan Certificates in the past six months ever since the ouster of PTI Chairman Imran Khan’s government, Bol News reported.

The country is embroiled in an economic and political crisis ever since the new government took control. According to reports, investors have withdrawn $660 million from Naya Pakistan Certificates in the last six months.

Between April to September, the investment decreased by 46 percent. More than $730 million have been withdrawn from Naya Pakistan Certificate in this time period.

The last data released by the State Bank of Pakistan shows that foreign investment in Naya Pakistan Certificates was increasing till March this year but the uncertainty after the change of government had a negative impact.