The Finance Division has revised the rates of return for Pakistan Rupee-denominated and other currency-sponsored Islamic Naya Pakistan Certificates (INPCs) over different maturities.
In a notification published by the State Bank of Pakistan (SBP), the interest rate for Rupees INPCs with just a three-month time of maturity has been expanded from 9.5 percent to 15.00 percent. In contrast, certificates with a six-month time of maturity have already had one’s rate go up from 10.00 percent to 15.25 percent.
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The one-year rate of profit has been raised from 10.50 percent to 15.50 percent, while three-year or five-year INPC percentages have been raised to 14 percent and 13.50 percent, accordingly, from 10.75 percent and 11 percent before.
It’s worth noting that the government has already altered the rate of return on the US dollar, British Pound, and Euro-denominated NPCs of various terms on expatriate Pakistanis having Roshan Digital Accounts.