The State Bank of Pakistan (SBP) announced issuance of Naya Pakistan Certificates in Saudi riyal and UAE dirham, offering slightly lower returns compared with investments denominated in US dollars.
A circular issued Monday confirmed banks were informed by Finance Division that NPCs will now be available in Saudi Arabian riyal and United Arab Emirates dirham.
Government notified updated returns for SAR and AED: 6.50 percent for three months, 6.75 percent for six months, and seven percent for 12 months respectively.
Three‑year and five‑year SAR and AED investments will yield 7.25 percent and 7.50 percent respectively, slightly below corresponding returns offered on US dollar denominated certificates.
US dollar NPCs provide 6.75 percent for three months, seven percent for six months, and 7.25 percent for 12 months, offering higher comparative returns.
Longer tenors in US dollar NPCs deliver 7.50 percent for three years and 7.75 percent for five years, exceeding SAR and AED denominated certificates.
Pakistani rupee NPCs deliver highest returns: 11.75 percent for three months, 12 percent for six months, and 12.25 percent for 12 months, surpassing foreign currency denominated options.
Three‑year and five‑year rupee investments yield 12.50 percent and 12.75 percent respectively, higher than returns offered in Saudi riyal, UAE dirham, US dollar, and euro certificates.
Euro NPCs provide lowest returns: 4.75 percent for three months, 5.25 percent for six months, and 5.50 percent for 12 months, remaining least attractive investment option.
Since launch in 2020, Roshan Digital Account inflows reached $12.744 billion, with more than 62 percent invested directly into Naya Pakistan Certificates across multiple currencies.
State Bank data showed $8.15 billion inflows were locally utilized, while net repatriable liability remains limited at approximately $2.44 billion, reflecting contained external exposure.
