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Naya Pakistan Certificate (NPC)

Bank AL Habib has always endeavored to support Pakistan in achieving its economic objectives for growth and prosperity. The Bank now offers Naya Pakistan Certificates (NPCs), which are PKR, USD, GBP and EUR denominated instruments issued by the Government of Pakistan with attractive risk-free returns over different maturities.

State Bank of Pakistan (SBP) is the sole custodian of the Naya Pakistan Certificate while Bank AL Habib is acting as an agent of the same. The booking of the certificate is subject to issuance of the certificate by SBP.


Invest in CertificateValidating Joint Account Holder to Proceed with Reference Number

Validating Joint Account Holder to Proceed with Reference Number

Eligibility

  • AL Habib Roshan Digital Account (RDA) Holders (Singly and Jointly Operated)
  • The funds for investment in Certificates must be remitted from abroad

Currency

  • Certificates can be booked in PKR, USD, GBP and EUR currencies.

How to Invest

Investor will submit the request through Bank AL Habib Roshan Digital Account web page and provide investment details such as; account no, tenure, currency and amount to be invested. Funds will be debited from customers Roshan Digital Account for onward purchasing or certificate from SBP.

Minimum Investment

  • PKR 10,000 with integral multiples of 1,000
  • USD 1,000 with integral multiples of 500
  • GBP 1,000 with integral multiples of 500
  • EUR 1,000 with integral multiples of 500

Profit Payout (Coupon Payment)

  • 3 months, 6 months and 12 months = At Maturity
  • 3 and 5 Years = Bi Annual
  • The six (6) months for the periodic profit payment shall be determined from the date of issuance of the certificates. For example: if certificates are issued on 10th September 2020, the profit payments shall be made on 10th March 2021 and on subsequent six-monthly dates accordingly

Profit Rates & Profit Payouts

Tenure PKR Rate USD Rate GBP Rate EUR Rate Profit Payout (Coupon Payment)
3 Months 13.50% 7.00% 7.25% 5.25% Maturity
6 Months 13.50% 7.00% 7.25% 5.25% Maturity
12 Months 13.00% 7.00% 7.25% 5.25% Maturity
3 Years 12.50% 7.50% 7.50% 5.25% Bi-Annual
5 Years 12.50% 7.50% 7.50% 5.25% Bi-Annual

*Revised Rates effective from February 20, 2025 as per SRO 33(I)2025

Premature Encashment

  • Certificates can be prematurely encashed (early encashment before maturity).
  • No profit will be paid in case of encashment of certificates before completion of 3 months.
  • Profit/proceeds of premature encashment made after 3 months will be calculated based upon the rates of nearest completed tenures.Please click for illustrations

Maturity

Maturity proceeds will be credited back to the investor’s Roshan Digital Account on the same day by the Bank.

In case of a holiday, the next working day falling after the holiday will be considered the periodic profit date/principal payment date. No profit will be payable for the period of the holidays.

Zakat and Taxes

Zakat: The Certificates shall be exempted from compulsory deduction of zakat.

Tax: 10% Withholding Tax on profit will be applicable.

General Instructions

  • In case of a holiday on the periodic profit or principal payment date, the next working day falling after the holiday will be considered the periodic profit date/principal payment date. In such case, no profit will be payable for the period of the holidays.
  • The Certificates shall be pledgeable as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP.
  • The Certificates are not transferable except if required under the relevant laws.
  • SBP and Bank AL Habib reserve the right to accept or reject the investment application if the investor does not comply with the necessary requirements under the rules or instructions.
  • The Certificate will not be automatically reinvested or rolled-over after the maturity date.
  • The above instructions are subject to change from time to time.
Invest in CertificateValidating Joint Account Holder to Proceed with Reference Number

Validating Joint Account Holder to Proceed with Reference Number

Naya Pakistan Certificate Tutorials

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English Tutorial
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Urdu Tutorial
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Saraiki Tutorial
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Punjabi Tutorial
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Pashto Tutorial
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Sindhi Tutorial

Frequently Asked Questions

  • What is a Naya Pakistan Certificate (NPC)?

    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, Pound Sterling, Euros and Pak Rupees issued with full faith and credit of the Government of Pakistan. The NPCs are available in following profits rates on NPCs of different maturities, tenors & profit frequencies:

    Tenure PKR Rate USD Rate GBP Rate EUR Rate Profit Payout (Coupon Payment)
    3 Months 13.50% 7.00% 7.25% 5.25% Maturity
    6 Months 13.50% 7.00% 7.25% 5.25% Maturity
    12 Months 13.00% 7.00% 7.25% 5.25% Maturity
    3 Years 12.50% 7.50% 7.50% 5.25% Bi-Annual
    5 Years 12.50% 7.50% 7.50% 5.25% Bi-Annual

    *Revised Rates effective from January 28, 2025 as per SRO 33(I)2025

  • Yes, NPCs are sovereign instruments, issued with full faith and credit of the Government of Pakistan

  • 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 NPCs through Foreign Currency Value Account (FCVA) and Non Resident Pakistanis Rupee Value Account (NRVA) account being marketed as Roshan Digital Accounts (RDAs).

  • 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 NPCs through Foreign Currency Value Account (FCVA) and Non Resident Pakistanis Rupee Value Account (NRVA) account being marketed as Roshan Digital Accounts (RDAs).

  • The minimum amount of Investment in PKR denominated certificate is PKR 10,000 with integral multiples of PKR 1,000 with no maximum limit. The minimum amount of Investment in USD, GBP & EUR denominated certificate is 1,000 with integral multiples of USD, GBP & EUR 500 with no maximum limit.

  • Yes! Premature encashment of NPC is permissible. The investors can redeem his/her investment fully or partially, before the maturity date. Premature encashment proceeds shall be calculated at the rate of return equivalent to the return of the nearest shorter maturity of Certificates. For example, an investor of a 12-month NPC withdraws his/her investment in the 8th month of holding, in this case, he/she will be entitled to profit for the period up to date of premature encashment, fixed at the rate of return applicable on 6-month NPCs. However, no profit shall be paid in case of encashment of certificates before completion of 3 (three) months. Moreover, partial encashment leading to lowering the minimum investment allowed in NPCs (i.e. PKR 10,000 or USD, GBP & EUR 1,000) shall not be allowed.

  • Yes! If an investor is maintaining his/her FCY RDA in any approved foreign currency, he/she can invest in USD, GBP & EUR denominated NPCs. In such cases, the bank will debit the investors’ account by an amount equivalent to the amount of investment requested in USD, GBP or EUR denominated NPCs by applying the exchange rate prevailing at the time of execution of the transaction.

  • The funds on maturity, on premature encashment, and the profit of periodic coupon payments (where applicable), will be credited in the investor’s RDA only. In case of a holiday on the periodic profit or principal payment date, the next working day falling after the holiday will be considered the periodic profit date/principal payment date. In such case, no profit will be payable for the period of the holidays.

  • No! NPCs are exempt from zakat deduction as per the NPC Rules, 2020.

  • Yes! The return/profits on NPCs are subject to 10 percent withholding tax as full and final settlement of tax liability on NPC profits. The non-resident investors are also not required to file any tax return if their only source of income in Pakistan is profits earned on NPCs.

  • Yes, as per the NPC Rules, 2020, the Certificates cane be pledged as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP.

  • In case of death of an investor, the payment (principal and profit, if any), will be made to the legal heirs of the deceased investor in accordance with the succession certificate or equivalent documentation in accordance with the law for the time being in force.

  • No, the investor can invest, and redeem the NPCs through digital platform while being abroad.

  • The Certificate will not be automatically reinvested or rolled-over after the maturity date. The customer need to reprocess the investment.

  • In case of death of customer's death, the payment (principal and profit, if any), shall be paid to the legal heirs of the deceased customer in accordance with a succession certificate or equivalent documentation issued by a court of competent jurisdiction under applicable laws.

  • The Certificates are not transferable except if required under the relevant laws.