02/06/2026
The State Bank of Pakistan has announced that Naya Pakistan Certificates will now also be issued in Saudi riyal and UAE dirham, expanding investment options for overseas Pakistanis.
In a circular issued on Monday, the central bank said banks had been informed that the Finance Division has approved the issuance of Naya Pakistan Certificates in Saudi Arabian Riyal (SAR) and UAE Dirham (AED).
Under the updated rates, investments in both SAR and AED will offer the same return structure. Investors will receive 6.50 percent on three-month certificates, 6.75 percent on six-month certificates, and 7 percent on one-year certificates. The return on three-year and five-year tenors has been set at 7.25 percent and 7.50 percent, respectively.
However, the returns offered on the two currencies are slightly lower than those available on US dollar investments.
For US dollar-denominated Naya Pakistan Certificates, investors will earn 6.75 percent for three months, 7 percent for six months, and 7.25 percent for 12 months. The returns on three-year and five-year certificates have been fixed at 7.50 percent and 7.75 percent, respectively.
The highest returns continue to be offered on Pak rupee-denominated certificates. Investors in rupee NPCs will receive 11.75 percent for three months, 12 percent for six months, and 12.25 percent for one year. The return on three-year and five-year tenors stands at 12.50 percent and 12.75 percent, respectively.
Meanwhile, the lowest returns are being offered on euro-denominated investments, with profit rates of 4.75 percent for three months, 5.25 percent for six months, and 5.50 percent for 12 months.
Naya Pakistan Certificates have emerged as one of the most attractive instruments for overseas investment in Pakistan since their launch in 2020 under the Roshan Digital Account framework.
According to the latest central bank data, total inflows under Roshan Digital Accounts have reached $12.744 billion since launch, with more than 62 percent of the amount invested in Naya Pakistan Certificates.
The data further showed that out of the total RDA inflows, around $8.15 billion has already been used locally, while the country’s net repatriable liability currently stands at just $2.44 billion.
The addition of the Saudi riyal and the UAE dirham is expected to make the scheme more accessible for a larger number of overseas Pakistanis living in the Gulf region, where a significant share of remittances originates
