On September 20, 2023, the government of Pakistan announced an increase in the rate of return on Naya Pakistan Certificates (NPCs). The State Bank of Pakistan made this announcement, indicating a positive shift for investors, particularly overseas Pakistanis holding Roshan Digital Accounts.
Rate of Return on Naya Pakistan Certificates
The NPCs are sovereign instruments issued by the Government of Pakistan and are denominated in various currencies including USD, PKR, Euro, and British Pound. These certificates offer attractive risk-adjusted returns over different maturities and are available in both conventional and Shariah-compliant versions. The administration of these certificates is handled by the State Bank of Pakistan.
This move is expected to encourage more investments into NPCs, as it offers higher returns. However, the exact rates of return were not specified in the context provided.