Government of Pakistan has issued Naya Pakistan
Certificates (NPCs) which are USD and PKR-Dominated sovereign instruments. NCPs
are offering smart risk-free returns over different maturities. Naya Pakistan Certificates
are administered by the State Bank of Pakistan. NPCs are available in both
conventional and shariah compliant account. The scheme is set for nonresident Pakistanis,
expats with declared assets abroad.
WHO CAN INVEST IN NCPs?
· Nonresident
Pakistanis
· Resident
Pakistanis (with declared assists abroad)
|
ANNUAL PROFIT RATE
ON NCPs |
|||||
|
|
3 Months |
6 Months |
12 Months |
3 Years |
5 Years |
|
USD(%
Annualized) |
5.50 |
6.00 |
6.50 |
6.75 |
7.00 |
|
PKR(%
Annualized) |
9.50 |
10.00 |
10.50 |
10.75 |
11.00 |
|
|
TENORS
NCPs can be availed for the following tenor
· 3,6,
12 month
· 3
years
· 5
year
Early encashment allowed
SIMPLE TAX
For NRPs, no tax filing
Only 10% withholding tax on profit
SHRIAH COMPLIANCE
Conventional certificates can be taken from banks.
Asides Shariah compliance certificates are also available to ensure Islamic
investment.
FULLY REPATRIABLE
There is no requirement of approvals for remitting
funds abroad
ISLAMIC NAYA PAKISTAN CERTIFICATES INCPs DETAIL
Here is detail of Islamic and Shariah Compliant version
NPCs
· INCPs
ar based on Mudaraba structure. Here the investors invest in a Mudaraba pool
that will extend financing to the Federal Government.
· Investment
is remunerated from the profits earned by your pool.
· Federal
Government has created a limited Liability Company fully owned by government.
· The
Company is housed and managed by the State Bank of Pakistan (SBP) on the basis
of a mandate given by the company’s board.
· As
INCPs are offered in both USD and PKR structure, the company maintains separate
Mudaraba pools for USD and PKR.
FROM WHERE TO GET Naya Pakistan certificates NPCs?
These are the step by step guide to get NCPs
1. Open a Roshan Digital Account
· Non-resident
Pakistanis can open Roshan Digital Account online in any bank branch of
Pakistan. Once Roshan Digital Account is open then invest in NCPs from there.
No intervention of an embassy or a consulate is required.
· Resident
Pakistanis who have declared assets abroad with FBR have to open Roshan
Digital Account in foreign currency by visiting bank. Then invest in
USD-denominated NCPs.
2. Transfer Funds in your account
Once the Roshan Digital Account
is open then remit funds from outside Pakistan through normal banking channels.
By transferred funds, invest
in NCPs now.
3. Choose the NPCs and Subscribe
Subscribe to certificate electronically
using bank’s online portal
Select the tenor
The PKR-denominated NPCs
can be availed from the balance in your Roshan Digital Account.
The USD-denominated NPCs
can be purchased from the balance in your foreign-currency Roshan Digital
Account.
LIST OF BANKS GIVING Naya Pakistan Certificates NCPs
· Bank
Alfalah
· Faysal
Bank
· HBL
· MCB
· MEEZAN
Bank
· Samba
bank
· Standard
Chartered
· UBL
