Karachi, February 20, 2025 – The State Bank of Pakistan (SBP) has officially announced a revision in SBP profit rates on Naya Pakistan Certificates (NPCs), effective immediately.
This move is expected to impact both domestic and overseas investors, as the government adjusts returns in response to global economic trends and market conditions.
The revised SBP profit rates have been determined based on prevailing market conditions. The new rates apply to various tenures of NPCs and are aimed at maintaining the certificates’ attractiveness for investors seeking secure and profitable savings options.
The revision follows previous directives issued in Circular No. 3 of 2020 and multiple updates through Circular Letters from 2021 to 2023. The changes have been formalized under Gazette Notifications No. S.R.O. 33(I)/2025 dated January 16, 2025, and S.R.O. 174(I)/2025 dated February 12, 2025.
The SBP profit rates have been modified for certificates denominated in multiple currencies, including Pakistani Rupees (PKR), US Dollars (USD), British Pounds (GBP), and Euros (EUR).
Market analysts suggest that the upward revision in SBP profit rates on Naya Pakistan Certificates is designed to enhance foreign exchange inflows and encourage investment from overseas Pakistanis. By offering competitive returns, the government aims to bolster its foreign currency reserves while providing investors with an attractive saving option.
Industry experts highlight that the revision in SBP profit rates could lead to increased participation in NPCs, as investors seek higher returns amid fluctuating economic conditions. The certificates remain a popular choice among expatriates and local investors alike due to their risk-free nature and guaranteed profits backed by the Government of Pakistan.
The revised SBP profit rates will be applicable across all tenures, including 3-month, 6-month, 12-month, 3-year, and 5-year NPCs. While returns on USD and GBP-denominated certificates have seen a slight increase, PKR-denominated certificates continue to offer some of the most lucrative returns, particularly for long-term investors.
With the implementation of these revised SBP profit rates, financial experts anticipate a positive response from investors looking for stable, high-yield investment avenues. The government remains committed to ensuring a balanced monetary policy that supports both economic growth and investor confidence.