The State Bank of Pakistan has announced that Naya Pakistan Certificates will now also be available in Saudi riyal and UAE dirham, widening investment options for overseas Pakistanis, particularly those living in the Gulf region.
In a circular issued on Monday, the central bank said banks had been informed that the Finance Division has approved the issuance of Naya Pakistan Certificates in Saudi Arabian Riyal (SAR) and UAE Dirham (AED).
Under the revised structure, investments in both SAR and AED will offer identical returns. Investors will receive 6.50 percent on three-month certificates, 6.75 percent on six-month certificates, and 7 percent on one-year certificates. Returns on three-year and five-year tenors have been set at 7.25 percent and 7.50 percent, respectively.
However, the returns on the two new currencies are slightly lower than those offered on US dollar-denominated certificates. Investors in dollar NPCs will earn 6.75 percent for three months, 7 percent for six months, and 7.25 percent for 12 months. The return on three-year and five-year certificates stands at 7.50 percent and 7.75 percent, respectively.
The highest returns continue to be available on Pak rupee-denominated Naya Pakistan Certificates. Investors in rupee NPCs will receive 11.75 percent on three-month certificates, 12 percent on six-month certificates, and 12.25 percent on one-year certificates. The return on three-year and five-year tenors stands at 12.50 percent and 12.75 percent, respectively.
Meanwhile, the lowest returns are being offered on euro-denominated investments, with profit rates of 4.75 percent for three months, 5.25 percent for six months, and 5.50 percent for 12 months.
Naya Pakistan Certificates have emerged as one of the most attractive instruments for overseas investment in Pakistan since their launch in 2020 under the Roshan Digital Account framework.
According to the latest State Bank data, total inflows under Roshan Digital Accounts have reached $12.744 billion since launch, with more than 62 percent of that amount invested in Naya Pakistan Certificates.
The data further showed that out of the total RDA inflows, around $8.15 billion has already been used locally, while the country’s net repatriable liability currently stands at $2.44 billion.
