Islamabad January 20 2023: Government of Pakistan increased return on Naya Pakistan Certificates up to 150 basis points for overseas to attract Dollars.
So far country has received USD 3,497 million in Naya Pakistan Certificates since its launch in September 2020.
The rate on USD 1,000 worth 3 month certificate increased to 7 percent from 5.5 percent, rate on 6 month certificate increased to 7.2 percent from 6 percent, rate on Twelve month certificate increased to 7.5 percent from 6.5 percent while rate on both 3 years and 5 year certificate increased to 8 percent from from 6.75 percent and 7 percent respectively.
For Euro denominated certificates government increase rates to 6.5 percent for both 3 and 5 years certificates from 5.5 percent and 5.75 percent respectively.
Government reduce rates on 3, 6 and Twelve month certificates to 4.0 percent, 4.5 percent and 5.0 percent from 4.75 percent, 5.0 percent and 5.25 percent.
For GBP denominated certificates the rate is increased to 5.5 percent for 3 month certificate from 5.25 percent, 6 percent for six month certificate from 5.5 percent, 7 percent for one year certificate from 5.75 percent while for both three and 5 year certificates new rate will be 7.5 percent from existing 6.25 percent and 6.5 percent, respectively.
Naya Pakistan Certificates (NPCs) are USD, PKR, Euro and British Pound-denominated sovereign instruments issued by the Government of Pakistan. NPCs offer attractive risk-adjusted returns over different maturities. They are available in both conventional and Shariah compliant versions and administered by the State Bank of Pakistan.