Naya Pakistan Certificates (NPCs) offer an exceptional opportunity for Non-Resident Pakistanis (NRPs) with declared assets abroad to invest in government-backed financial instruments with attractive profit rates.

Managed by the State Bank of Pakistan and distributed by JS Bank, an NPC in Pakistan serves as a secure and high-return investment avenue.

As an oversea Pakistani, here’s everything you need to know to invest in these certificates seamlessly.

Why Invest in Naya Pakistan Certificates?

NPCs are designed to attract foreign investment and support Pakistan’s economy while offering competitive benefits to investors. Here are some key highlights:

• Multiple Currency Options: Available in PKR, USD, GBP, and Euro.
• Flexible Tenors: Choose between 3 months, 6 months, 1 year, 3 years, and 5 years.
• High Profit Rates: Up to 11%, depending on currency and tenor.
• Tax and Zakat Benefits: Exempt from Zakat, and withholding tax on profit is final.
• Premature Encashment: Flexible early withdrawal options without losing principal.

Step-by-Step Guide to Investing in NPCs

1. Determine Eligibility

NRPs maintaining a Roshan Digital Account (RDA) with JS Bank are eligible.

Resident Pakistanis with declared foreign assets can invest in USD-denominated NPCs through an RDA.

2. Open a Roshan Digital Account

To get started, open a Roshan Digital Account with JS Bank by following these steps:

• Visit the JS Bank website or JS Mobile App.
• Submit your NICOP, proof of income, and other required documents.
• Complete the verification process.

3. Select the Type of NPC

Choose between Conventional and Sharia-compliant Islamic Certificates.

Decide the currency (PKR, USD, GBP, or Euro) and tenor that suits your financial goals.

4. Submit an Investment Request

Log in to your RDA through the JS Mobile App or website.

Navigate to the NPC investment section.

Enter the desired amount, tenor, and other details, then confirm your request.

5. Receive Confirmation

Upon successful verification, you’ll receive a confirmation email along with your NPC details.

4 Things to Keep in Mind

When investing in Naya Pakistan Certificates (NPCs), understanding the key aspects of their structure and benefits is crucial to making informed decisions. Here are some important considerations:

1.   Profit Rates and Payment:

The profit structure of NPCs is designed to cater to various financial needs. The profit is paid upon maturity for shorter tenors such as 3, 6, and 12 months. However, for longer tenors like 3 years and 5 years, profits are disbursed on a semi-annual basis, ensuring a consistent income stream for the investor.

2.   Tax Treatment:

A 10% withholding tax on profit is applied, considered the investor’s final tax liability. Non-Resident Pakistanis (NRPs) are not required to file tax returns in Pakistan for the profit earned on NPCs, adding an additional layer of convenience for overseas investors.

3.   Premature Encashment:

NPCs offer flexibility with premature encashment options. Investors can withdraw their investment after a minimum holding period of 3 months. In such cases, the profit is adjusted to the rate applicable for the nearest shorter tenor, ensuring a fair return while maintaining liquidity.

4.   Collateral Use:

NPCs can also be pledged as security for loans within Pakistan, providing an additional financial utility. This feature makes NPCs not just an investment tool but also a resource for accessing liquidity when needed.

Understanding these aspects can help you maximize the benefits of NPCs while aligning your investment strategy with your financial goals.

Conclusion

Investing in Naya Pakistan Certificates is a secure and rewarding way to contribute to Pakistan’s economic growth while benefiting from high returns and flexibility. Whether you’re an overseas Pakistani or a resident with declared foreign assets, JS Bank offers a streamlined process to help you make the most of your investments.

Open your Roshan Digital Account today and start building a prosperous financial future with NPCs.