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Naya Pakistan Certificates (NPCs) are offered in PKR, USD, EUR, GBP, SAR and AED currencies. These are sovereign instruments issued by the Government of Pakistan. They are available in both conventional and Shariah compliant versions and are administered by the State Bank of Pakistan.

These Certificates offer lucrative rate of returns in different tenors to make it convenient for you so you can save your future needs and see your savings grow.

Investment in Certificates

  • RDA customers can invest in Naya Pakistan Certificates using Habib Metro Bank’s Roshan Digital Account (RDA) platform without coming to Pakistan and instantly start investing in the NPCs using our digital banking platform from anywhere in the world
  • NPCs are available to:
    • Non-Resident Pakistanis (NRPs)
    • Resident Pakistanis having declared foreign assets
    • Non-Resident Entities
    • Foreign Individuals
  • The Certificates are scrip less in nature and shall be subscribed by eligible individuals / entities.
  • The funds for investment in Certificates must be remitted from abroad in the investor’s FCVA or NRVA after 30th day of June 2020.

Key Features

  • Available in PKR and FCY (USD, EUR, GBP, SAR & AED)
  • Tenors: 3-month, 6-month, 12-month, 3 Years and 5 Years
  • Naya Pakistan Certificates are available in both conventional and Shariah compliant versions and are administered by the State Bank of Pakistan.
  • 10% Withholding tax on profit amount
  • No Zakat Deduction
  • Early Encashment option

Profit Rates in Investment in NPC Certificates:

The Certificates of following tenors shall be yielding gross return (before the deduction of tax) as under:

Tenor USD Certificate PKR Certificate GBP Certificate Euro Certificate SAR Certificate AED Certificate
Minimum Investment USD 1,000 PKR 10,000 GBP 1,000 EUR 1,000 SAR 1,000 AED 1,000
Integral Multiples/ Denomination USD 500 PKR 1,000 GBP 500 EUR 500 SAR 500 AED 500
3-Month 6.75% p.a 11.75% p.a 6.75% p.a 4.75% p.a 6.50% p.a 6.50% p.a
6-Month 7.00% p.a 12.00% p.a 7.25% p.a 5.25% p.a 6.75% p.a 6.75% p.a
12-Month 7.25% p.a 12.25% p.a 7.50% p.a 5.50% p.a 7.00% p.a 7.00% p.a
3-Year 7.50% p.a 12.25% p.a 7.75% p.a 6.00% p.a 7.25% p.a 7.25% p.a
5-Year 7.75% p.a 12.75% p.a 8.00% p.a 6.25% p.a 7.50% p.a 7.50% p.a

The annualized % USD, GBP, EUR & PKR rate of return on investment in NPC are released by the Finance Division through official notification, and are subject to changes from time to time.

The 3-Month, 6-Month and 12-Month tenor certificates shall be zero-coupon securities on which principal and profit shall be paid on maturity or on premature encashment. Whereas, 3-Year and 5-year certificates shall be coupon securities, on which periodic profit payment shall be paid on a half-yearly basis (i.e. on 6 Monthly bases)

Investment in Islamic Naya Pakistan Certificates (INPCs)

Islamic Naya Pakistan Certificates (INPC) are sovereign instruments issued by Government of Pakistan. These certificates offer lucrative rate of return and are available in five tenors namely; 3-month, 6-month, 12-month, 3-year and 5-year in order to make it convenient for you to save for your future needs and see your savings grow.

  • Brief process flow for investment in the INPCs:
    • Visit our Roshan Digital Account page
    • Open NRVA and / or FCVA Account within 48 hours
    • Log-on to HabibMetro Internet Banking Portal interface
    • Complete your INPC investment in PKR or USD, GBP, EUR, SAR or AED in a few clicks

Investment in Certificates

Amount of Investment in each tenor certificate shall be as under:

 

USD Denominated Certificates Minimum investment of USD 1,000 with integral multiples of USD 500.
PKR Denominated Certificates Minimum investment of PKR 10,000 with integral multiples of PKR 1,000.
GBP Denominated Certificates Minimum investment of GBP 1,000 with integral multiples of GBP 500.
EUR Denominated Certificates Minimum investment of EUR 1,000 with integral multiples of EUR 500.
SAR Denominated Certificates Minimum investment of SAR 1,000 with integral multiples of SAR 500.
AED Denominated Certificates Minimum investment of AED 1,000 with integral multiples of AED 500.

Rate of Return on Investment in Certificates

The Profit Sharing Ratios (PSR) for INPCs will be announced prior to the commencement of the investment period. The weightages (profit sharing ratio for weighted average investment) shall be assigned to the INPC investors based on the tenor of investment held by them as per the scheme parameters, for the purpose of calculation of profit.
The weightages applicable shall be announced every month and will be available at SBP’s website 3 working days before the beginning of the period concerned and shall not be changed during the period.

Early Redemption / Premature Encashment

The premature encashment of the Islamic Naya Pakistan Certificates (INPC) shall be in accordance with the schedule attached at the bottom of the page.

Profit Pay-out Frequency & Maturity Proceeds

The Payment of Profit will be on maturity basis for three, six and twelve month INPCs whereas it will be on six – monthly basis for three years and five year INPCs.
The applicable profit or loss shall be paid to the investor’s designated bank account

Zakat

The Naya Pakistan Certificate (NPC) is exempted from compulsory deduction of Zakat at source under section 3 of the Zakat and Ushr Ordinance, 1980 (XVIII of 1980)

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