Naya Pakistan Certificate 2021 is an attractive investment opportunity available only through Roshan Digital Account SBP, an initiate of State Bank of Pakistan. NPCs are sovereign instruments being issued by Government of Pakistan in USD and PKR through SBP. There is no tax on Naya Pakistan Certificate for Overseas Pakistanis.
Table of Content:
- How To Get Naya Pakistan Certificate 2021
- Naya Pakistan Certificate Banks 2021
- Naya Pakistan Certificate Rates of Return 2021
- Naya Pakistan Certificate Shariah Compliance 2021
- Naya Pakistan Certificate Tax Rate 2021
- Frequently Asked Questions (FAQs)
How To Get Naya Pakistan Certificate 2021
SBP Roshan Digital Account is a major initiative of State Bank of Pakistan, in collaboration with commercial banks operating in Pakistan. These accounts providing innovative banking solutions for millions of Non Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan. You can invest in Naya Pakistan Certificates SBP by opening a Roshan Digital Account in any one of these banks:
Naya Pakistan Certificate Banks 2021
Exclusively for overseas Pakistani & resident Pakistanis with declared assets abroad.
Naya Pakistan Certificate Rates of Return 2021
Naya Pakistan Certificate Shariah Compliance 2021
Both conventional and Shariah-compliant certificates are available.
Funds available in the account can be remitted back from Pakistan without any approval from bank or SBP.
Naya Pakistan Certificate Tax Rate 2021:
For Overseas Pakistanis, no tax filing is needed. A full and final withholding tax of 10% on profits will be automatically applied.
For more details on Naya Pakistan Certificates, visit our website link is given below;
Frequently Asked Questions (FAQs)
Q1. What is Naya Pakistan Certificate?
Naya Pakistan Certificates (NPC) is a fixed income security offered digitally by Government of Pakistan under NPC Rules 2020 framed under Public Debt Act, 1944. It is a sovereign security denominated in US Dollars, and Pak Rupees issued with full faith and credit of the Government of Pakistan. The NPCs are available in five maturities, namely, 3-month, 6-month, 12-month, 3-year and 5-year, and carry following profits rates on NPCs of different tenors:
|Tenor||USD Denominated NPCs||PKR Denominated NPCs|
|3-Month||5.50%, p.a.||9.50% p.a.|
|6-Month||6.00% p.a.||10.00% p.a.|
|12-Month||6.50% p.a.||10.50% p.a.|
|3-Year||6.75% p.a.||10.75% p.a.|
|5-Year||7.00% p.a.||11.00% p.a.|
Q2. What is Profit Payment Frequency?
The profit on 3-month, 6-month and 12-month NPCs shall be payable on maturity, whereas the profit on 3-year and 5-year shall be payable to the investors on semi-annual basis.
Q3. Is Naya Pakistan Certificate Safe?
Yes, Naya Pakistan Certificates are sovereign instruments, issued with full faith and credit of the Government of Pakistan.
Q4. Who can invest in Naya Pakistan Certificate?
Non-resident Pakistanis having National Identity Card for Overseas Pakistanis (NICOP) or Pakistan Origin Card (POC ), and resident Pakistanis having declared assets abroad, are eligible to invest in Naya Pakistan Certificate through Foreign Currency Value Account (FCVA) and Non Resident Pakistanis Rupee Value Account (NRVA) account being marketed by agent banks as Roshan Digital Accounts (RDAs). Opening a Roshan Digital Account with one of the 8 agent banks is a pre-requisite for investment in NPCs.
Q5. What are the Expected Rates of Return on INPCs?
The expected rate of return on INPCs of different tenors are the same as being offered on conventional NPCs i.e. 5.5 to 7 percent on USD denominated INPCs and 9.5 to 11 percent on PKR denominated INPCs. There is, however, no guarantee that INPCs will be remunerated on these rates as profits on INPCs will be paid based on the actual results of USD and PKR pools being managed by SPV for issuing the INPCs. The Profit Sharing ratio between SPV as Mudarib and Investors as Rabbul Maal and weightages for different tenors of INPCs have also been notified by SPV and will be updated on monthly basis.
Q6. Are Naya Pakistan Certificates transferable?
No! The NPCs are non-transferable except, if required under the relevant laws.