Govt revises up Naya Pakistan Certificates’ rates of return

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ISLAMABAD: The government on Friday revised up the rates of return for various currencies denominated Naya Pakistan Certificates over different maturities for the resident Pakistanis who have a Foreign Currency Roshan Digital Account. According to a notification issued by the Finance Division, the rate of return for US dolalr denominated Naya Pakistan Certificates (NPCs) with maturity of three months has been revised up from previous 5.5% to 7.00% while that with maturity period of six month has been raised from 6.00% to 7.20%. The rate of return for a period of one year has been revised up from 6.5% to 7.5% while that for a period of three years and five years has been increased to 8% whereas the previous rate of return was 6.75% and 7.00% respectively. The government has mad no or very minor change in the rates of return for PKR denominated NPCs. Similarly, the new rates for GBP denominated NPCs have been revised up to 5.5% for a maturity period of three months, 6.00% for six months, 7.00% for one year and 7.5% each for a period of three years and five years respectively. For Euro denominated NPCs, the government has revised up the rates of returns to 4.00% for a maturity period of three months, 4.5% for six months, 5.00% for one year and 6.5% each for a period of three years and five years respectively.