KARACHI: State Bank of Pakistan (SBP) on Friday issued procedure for making investments in Naya Pakistan Certificate (NPC) through foreign currencies i.e. Pound Sterling (GBP) and Euro. The SBP informed all agent banks that Government of Pakistan, Finance Division (External Finance Wing), vide Gazette notification S.R.O.211(I)/2021, dated February 18, 2021 had notified that the NPCs […]

KARACHI: State Bank of Pakistan (SBP) on Friday issued procedure for Islamic mode of investments in Naya Pakistan Certificates (NPCs). The central bank said that the government had established a wholly-owned special purpose vehicle, namely Islamic NPC Company Limited (INPCCL), which shall be managed under the mandate of its Board of Directors. INPCCL shall be […]

KARACHI: State Bank of Pakistan (SBP) on Tuesday issued criteria for investment by resident Pakistanis in US Dollar denominated Naya Pakistan Certificates (NPCs). The SBP said that resident Pakistanis having assets abroad as declared in their latest wealth statement filed with the Federal Board of Revenue (FBR) may invest in USD-denominated NPCs by opening a […]

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for investment in Naya Pakistan Certificates (NPC) which will be offered to both overseas and resident Pakistanis at attractive rates of return in Pak Rupee and US Dollar denomination bills. The SBP said that The certificates shall be subscribed by eligible individuals through Foreign Currency […]