Naya Pakistan Certificates (NPCs) are USD and PKR public instruments issued by the Government of Pakistan from the state bank of Pakistan through roshan digital account. NPCs offer attractive risk-free returns on a variety of terms.
They are available in both conventional and Sharia compliant versions and are administered by the State Bank of Pakistan.
These Naya Pakistan certificates are available only for the non resident Pakistanis and those who had the declared assets in foreign.
NPCs are based on a mudaraba structure in which the investor invests in a mudaraba pool used to provide funding to the federal government. The investment is rewarded with the profit made from this pool.
To this end, the federal government has created a special vehicle that is 100% owned by Islamic Naya Pakistan Certificate Company Limited (INPCCL). This company is housed and managed by the State Bank of Pakistan (SBP) on the basis of a mandate given by the company's board of directors.
Because INPCs are offered in both USD and PKR, the company has separate Mudaraba pools for USD and PKR.
How to invest in Naya Pakistan Certificates?
As these certificates are offered only for the Roshan Digital accounts holders, so make an investment need to open a Roshan Digital account in Pakistani banks.
As government of Pakistan is committed to serve the overseas Pakistanis, the Roshan Digital account opening is quite hassle free and can be open with out visiting physically at any place like bank, embassy etc.
Required documents for Account opening
Please note that you must submit the following documents when opening your account.Scanned CNIC / NICOP / POC
Scanned copy of original passport (first 2 pages) (Pakistani and / or other passport)
Proof of NRP status (eg Scanned copy of visa, entry / exit stamps, etc.)
Evidence of profession and source of income / funds (eg, scanned copy of job ticket / job ID, tax return, rental agreement, payslips, etc.)
Delivery invoice / Rental agreement / Any document issued by the government other than the proof of identity for address verification
An example guide line is available here to open the Roshan Digital account from HBL.
Overseas Pakistanis can open Roshan Digital Account in any of these banks for investment in NPCs. State Bank of Pakistan shall notify any addition/change in the given list. As currently these banks are offering these certificates.
- Bank Al-Falah Limited.
- Faysal Bank Limited.
- HBL Bank Limited.
- MCB Bank Limited
- United Bank Limited
- Meezan Bank LimitedSamba Bank Limted.
- Standard Chartered Bank (Pakistan) Limited.
Profit Rates on Naya Pakistan Certificates
| Tenure | USD | PKR |
| 3 Months | 5.5% | 9.5% |
| 6 Months | 6.0% | 10% |
| 12 Months | 6.5% | 10.5% |
| 36 Months | 6.75% | 10.75% |
| 60 Months | 7.0% | 11% |
