Overseas Pakistanis can invest at least $1,000 in NPCs.


Karachi: State Bank of Pakistan (SBP) increased the interest rate of Naya Pakistan Certificates (NPC).
According to details, a statement issued by SBP said that yield of three-month dollar bills has been increased by 125 basis points to 8.25 percent, the yield of three-month British pound bills has been increased by 175 basis points to 7.25 percent, while the three-month euro NPCs profit has been increased by 225 points to 6.25%.
The statement of central bank told that yield on the six-month dollar NPCs increased by 130 basis points to 8.5%. The yield on 12-month NPCs increased by 150 basis points to 9%, and the yield on the six-month pound sterling NPCs increased by 150 basis points to 7.50 percent. While the 12-month pound sterling NPCs yield increased by 100 basis points to 8%.
According to the State Bank, yield on six-month Euro NPCs increased by 200 basis points to 6.5%, the yield on 12-month Euro NPCs increased by 200 basis points to 7%. The yield on three and five year Sterling and Euro NPCs maintained at 7.5 and 6.5 percent.
SBP added that profit of 3-month NPCs of Pakistan rupee increased by 6% to 21%. The profit of six-month rupee NPCs increased by 600 basis points to 21.25 percent and the profit of 12-month rupee NPCs increased by 600 basis points. The points have been increased to 21.50%.
Apart from this, the yield of three-year Rupee NPCs increased by 350 basis points to 17.5 percent and the yield of five-year Rupee NPCs increased by 150 basis points to 15 percent.
According to the State Bank, overseas Pakistanis can invest at least $1,000 in NPCs, while the three and five year NPCs have 8.8% return.
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