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Your Complete Guide to Investing in Naya Pakistan Certificates

Following the success of Roshan Digital Accounts, the Government of Pakistan has introduced yet another attractive investment avenue for overseas Pakistanis. Naya Pakistan Certificates, also referred to as NPC, are saving US Dollar and Pakistani Rupee-denominated sovereign instruments offering profitable and risk-free returns over different maturities.

Here is everything you need to know about NPC, including their features, rates of return, frequently asked questions, and more.

What are Naya Pakistan Certificates?

Naya Pakistan Certificates for overseas Pakistanis
You can invest in Naya Pakistan Certificates through Roshan Digital Accounts (Credits: SBP)

Naya Pakistan Certificate is a fixed income saving certificate digitally issued by the Government of Pakistan. It can only be purchased through Roshan Digital Account for overseas Pakistanis. Presently, the eligible resident and non-resident Pakistanis can avail this lucrative and secure investment opportunity through selected banks.

Administered by the State Bank of Pakistan, it is sovereign security available in both Shariah-compliant and conventional versions. Moreover, NPC is available in 3-month, 6-month, 12-month, 3-year and 5-year maturities. Also, as mentioned above, it is denominated in both US Dollars and Pakistani Rupees.

Who can Invest in Naya Pakistan Certificates?

These certificates can be purchased by:

  • Non-Resident Pakistanis
  • Resident Pakistanis with declared foreign assets 

Features of Naya Pakistan Certificates

Naya Pakistan Certificate details
Naya Pakistan Certificates provide overseas Pakistanis with a safe and secure investment avenue

These are the key features of Naya Pakistan Certificates for Roshan Digital Account holders. 

Different Maturities

NPCs are available in different maturities and carry varying profit rates as mentioned below

TenorUSD-Denominated NPCPKR-Denominated NPC
3-month tenor5.5% per annum9.5% per annum
6-month tenor6 % per annum10% per annum
12-month tenor6.5% per annum10.5% per annum
3-year tenor6.75% per annum10.75% per annum
5-year tenor7% per annum11% per annum

It is important to note that the profit on 3-month, 6-month and 12-month certificates will only be payable to the investors on maturity. However, the profit on 3-year and 5-year tenor certificates will be payable on a semi-annual basis.

NO Tax returns

Non-resident Pakistanis won’t be required to file tax returns on the income earned from NPCs. The profit will only be subject to a 10% withholding tax.

Shariah Complaince

The government has issued both conventional and Shariah-compliant Naya Pakistan Certificates for overseas Pakistanis.

Fully repatriable

Naya Pakistan Certificates are fully repatriable, which means you don’t require any approvals for remitting funds abroad. Early encashment of these certificates is also allowed.

About islamic Naya Pakistan Cerfiticates [INPC]

Here are the Shariah-compliant Naya Pakistan Certificates details. 

  • The Islamic Naya Pakistan Certificates are based on a Mudaraba structure. Under this model, the investors put their money in the Mudaraba pool, which then extends financing to the federal government
  • The investment in INPC is paid from the profits earned by this Mudaraba pool
  • The Government of Pakistan has created INPC Company Limited (INPCCL) for this purpose
  • INPCCL is owned by the federal government while it is housed and managed by the State Bank of Pakistan 
  • Separate Mudaraba pools are maintained for USD and PKR-denominated INPC

How to Invest in Naya Pakistan Certificates?

Let’s take a look at how you can avail this incredible investment opportunity offered by the Government of Pakistan. 


Select a partner bank and visit their official website to open a Roshan Digital Account. While overseas Pakistanis have the facility to open their accounts remotely through a secure digital channel, non-resident Pakistanis with declared assets abroad will have to visit their chosen bank branch.

To learn about the types of Roshan Digital Accounts and the required documents, please refer to our comprehensive list of FAQs about Roshan Digital Accounts.


Once you have opened your Roshan Digital Account, you can easily remit funds through the normal banking channels. The funds in this account can then be used to invest in Naya Pakistan Certificates.


Select the currency, tenor, type of certificate and the amount you plan on investing. You can buy PKR-denominated NPC through PKR Roshan Digital Account, whereas the USD-denominated certificates have to be purchased from foreign-currency Roshan Digital Account at the exchange rate prevailing at the time of transaction. 

You can digitally subscribe to NPC using the bank’s online portal.

FAQS About Naya Pakistan Certificates

FAQs about Naya Pakistan Certificate
You can subscribe to these saving certificates digitally

These are some of the most frequently asked questions about Naya Pakistan Certificates. 

Is there a minimum and maximam investment limit for naya pakistan certficates?

For USD-denominated certificates, the minimum investment amount is USD 5,000 with integral multiples of USD 1000. On the other hand, the minimum investment amount for PKR-denominated certificates in PKR 100,000 with Integral multiples of PKR 10,000.

There is no maximum investment limit for these saving certificates. 

Which bank are offerring investemtn in naya Pakistan certificates?

The following banks are presently offering NPCs:

  • Habib Bank Limited
  • Muslim Commercial Bank Limited
  • United Bank Limited
  • Meezan Bank Limited
  • Bank Al-Falah Limited
  • Faysal Bank Limited
  • Samba Bank Limited
  • Standard Chartered Bank (Pakistan) Limited

Are naya pakistan certificates subject of zakat deduction?

No, these certificates are exempt from zakat deduction.

Are naya pakistan certificates transferable?

No, these certificates are non-transferable unless required by law.

Do investrors need to visit Pakistan for the encashment of NPC?

No, the investors can both invest and redeem the certificates electronically through the web portals of the respective bank.

This brings an end to our guide on how to invest in Naya Pakistan Certificates. For more details and information, please refer to the aforementioned banks or visit the official site of the State Bank of Pakistan.

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