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Govt Jacks Up Profit Rates on Islamic Naya Pakistan Certificates

The Finance Division has increased the rates of return on Pakistan Rupee-denominated and other currency-sponsored Islamic Naya Pakistan Certificates (INPCs) with various maturities.

According to a notification issued by the State Bank of Pakistan (SBP), the rate of return for PKR-denominated INPCs with a three-month maturity period has been increased from 9.5 percent to 15.00 percent, while certificates with a six-month maturity period have had their rates increased from 10.00 percent to 15.25 percent.

The one-year rate of return has been increased from 10.50 percent to 15.50 percent, while the three-year and five-year INPC rates have been raised to 14 percent and 13.50 percent, respectively, from 10.75 percent and 11 percent previously.

It is worth noting that the government has already revised the rates of return for US dollar, British Pound, and Euro-denominated NPCs of varying maturities for resident Pakistanis with Roshan Digital Accounts.

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