Ahmed Mukhtar Naqshbandi
ISLAMABAD: The government has revised the return rates, with an increase, for various types of foreign currency-denominated Naya Pakistan Certificates over different maturities to facilitate the resident Pakistanis who have foreign currency Roshan Digital Accounts.
Finance Division said in a statement that the return rates for US dollar-denominated certificates with a maturity of 3 months had been revised up from the previous 5.5 percent to 7.00 percent, while those with a maturity period of 6 months have been raised from 6.00 percent to 7.20 percent.
The return rate for a period of 1 year has been revised up from 6.5 percent to 7.5 percent, while that for a period of 3 years and 5 years has been increased to 8 percent, whereas the previous return rate was 6.75 percent and 7.00 percent, respectively.
Government makes no changes in return rates of rupee-denominated NPCs
The government has made no or marginal changes in the return rates for rupee-denominated NPCs.
Likewise, for GBP-denominated NPCs, new rates have been revised up to 5.5 percent for a maturity period of 3 months, 6.00 percent for 6 months, 7.00 percent for 1 year, and 7.5 percent each for a period of 3 years and five years.
For Euro-denominated NPCs, the return rates have been revised to 4.00 percent for a maturity period of 3 months, 4.5 percent for 6 months, 5.00% for 1 year, and 6.5 percent each for a period of 3 years and 5 years.
