The federal government has adjusted the profit rates for Naya Pakistan Certificates (NPC) starting from July 2024, alongside allocating Rs600 million for the upcoming fiscal year. Minimum investments are set at $1,000 for foreign currencies and Rs 10,000 for Pakistani rupees.
NPC can be purchased in multiple currencies including UK pounds, US dollars, euros, and Pakistani rupees through the State Bank of Pakistan (SBP).
Revised rates offer 7%, 7.20%, and 7.5% for three-month, six-month, and one-year investments respectively in USD, up from previous rates of 5.50%, 6%, and 6.50%. For three-year and five-year investments, rates have risen to 8% from 6.75% and 7% respectively.
In British pounds, rates are set at 5.5%, 6%, and 7% for three-month, six-month, and one-year investments, with three-year and five-year rates at 7.50%.
For Pakistani rupees, rates stand at 15%, 15.25%, and 15.50% for three-month, six-month, and one-year investments, while three-year and five-year investments yield 14% and 13.5% respectively.
Investments in NPC totaled $338 million by May 2024, with Shariah-compliant certificates attracting $582 million.
