A: Naya Pakistan Certificates (NPCs) are sovereign instruments denominated in USD, PKR, GBP & EURO issued by Government of Pakistan for overseas Pakistanis.

A: No. The Government of Pakistan (GOP) is the issuer and State Bank of Pakistan (SBP) is the primary custodian of Naya Pakistan Certificates. JS Bank is only acting as a distributor of these certificates in Pakistan.

A: Any RDA account holder atJS Bank is eligible for NPC. Specifically:

Individual Non-Resident Pakistanis are eligible to can either individually or jointly purchase the Certificates through their Roshan Digital Accounts

Resident Pakistanis who have declared assets abroad with FBR can also invest in USD-denominated NPCs. To do so,they can open a Roshan DigitalAccountin foreign currency by visiting a bank branch in Pakistan

A: The Certificates are available in conventional & Islamic certificates at JS Bank.

A: The Certificates are issued in PKR, USD, GBP and EURO.

A: The Certificates are issued forthree (03) months, six (06) months, twelve (12) months, three years (3) and five (5) years maturity.

The 3-Month, 6-Month and 12-Month tenor certificates are zero- coupon securities on which principal and profitshall be paid on maturity or on premature encashment. Whereas, 3-Year and 5-yearcertificates shall be coupon securities, on which periodic profit payment shall be paid on half-yearly basis.

A: Profit as well as principal repayment shall be made directly to the customers’ own account.

In case of customer death, the payment of principal and profit, if any, shall be paid to the legal heirs of the deceased customer in accordance with a valid succession certificate or equivalent documentation issued by a court of competent jurisdiction under applicable laws.

A: The Certificates are not transferrable except if required under the relevant laws.

A: The Certificates cannot be auto reinvested or rolled over after maturity date.

A: The Certificates shall be pledge-able as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP

A: Early encashment is allowed, and profit of broken period will be calculated at the profit rate of the nearest shorter tenor (e.g. 12 months’ certificate encashed in 10th month, profit will be calculated @ profit rate of 6 months’ certificate). There is no profit on encashment before initial three months.

A: The profit of the Certificate is subject to deduction of 10% (ten) Withholding Tax on profit at source as a full and final discharge of tax liability. There is no requirement for submission of income tax return filings in Pakistan for NRPs in respect of profit earned on these certificates.

A: The Certificates are exempt from compulsory deduction of zakat under section 3, Chapter II (Charge and collection of Zakat) of Zakat and Ushr Ordinance, 1980.

A: The Certificates issued are in scrip less form or any other form or format as approved by the Finance Division of Pakistan from time to time in consultation with SBP. i.e. no physical certificate is issued against the same.