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KARACHI: The federal government has revised the rate of return on the conventional Naya Pakistan Certificates (NPCs) upward to attract more investment.

This is the second increase in the rate of return of the NPC during this calendar year as previously, the rate was revised upward in January. Following the directives of the federal government, the State Bank of Pakistan (SBP) on Thursday notified an increase in the profit for Conventional NPCs with effect from Sep 1, 2023.

Accordingly, on a minimum investment of $1,000 with integral multiples of 500, 3-month rate of return (gross annual return before tax) increased to 8.25 percent up from 7 percent and for 6-month 8.5 percent from 7.2 percent, 12-month profit sets at 9 percent compared to 7.5 percent was being paid previously. Profit rate for 3-year and 5-year will be stable at 8 percent.

SBP notifies increased rates of return on NPC

On an investment of Rs 10,000 with integral multiples of 1,000, rate of return (gross annual return before tax) for 3-month rose to 21 percent, 21.25 percent for 6-month, 21.50 percent for one year, 17.5 percent for 3-year and 15 percent for 5-year.

On an investment of 1,000 GBP with integral multiples of 500, rate of return will be 7.25 percent for 3-month, 7.5 percent for 6-month, 8 percent for 12-month. The rate of return for 3-year and 5-year NPC is unchanged at 7.50 percent.

In terms of euros amounting to 1,000 with integral multiples of 500 investment, the rate of return surged to 6.25 percent for 3-month, 6.50 percent for 6-month, 7 percent for one year. However, the rate of return on 3-year and 5-year investment will remain stable at 6.5 percent.

According to SBP Government of Pakistan, Finance Division (External Finance Wing), vide Gazette notifications No. S.R.O. 1191(I)/2023 dated August 31, 2023, has already notified the revision in rate of return in NPCs.

Copyright Business Recorder, 2023

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faisal Sep 15, 2023 11:34am
It's time all freeloaders get what they deserve.
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KU Sep 15, 2023 01:04pm
And what about the rate of return for ''Purana farmers of Pakistan''? As a farmer, beset by numerous unfeasible inputs, I just bought 20 bags of urea and phosphorus (not DAP) for Rs. 80,000, for 4 acres only in preparations for wheat cultivation and in fear of a definite rise in prices of fertilizers in the coming days. The rise in the cost of production has prompted farmers to cultivate wheat on lesser areas and perhaps will contribute to a wheat shortage in the coming season.
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Bilal Arshad Deo Sep 17, 2023 02:29pm
@KU, What about taxes only 3 Mln working class is having burden of all farmers Very narrow view every one of your family is doing business or having a person outside of the country not happy still eat us
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