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Naya Pakistan Certificates:

Naya Pakistan Certificate are issued by Government of Pakistan, for Foreign Currency Value Account holder (FCVA) and Pakistani Rupee Value account holder (NRVA), to invest in high interest yielding certificates. Along with lucrative rates for investors these certificates also provide opportunity to contribute toward development of Pakistan.


HBL as one of the largest banks of Pakistan is proud to serve Pakistan to help in its growth and prosperity by facilitating its customers in enjoy this rewarding investment with ease & convenience.


Investors shall have the option to subscribe to either PKR denominated or US Dollar denominated certificates of 3-Month, 6-Month, 12-Month, 3-Year and 5-Year tenors.

Important Information:


·       The funds for investment in Certificates must be remitted from abroad in the investor’s FCVA or NRVA after 30th day of June 2020.

·       The Certificate shall not be automatically reinvested or rolled over after the maturity date.

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

·       The Certificates are not be transferable except if required under the relevant laws.

·       The profit on the Certificates shall be subject to deduction of tax at rate of ten percent at source.

·       The Certificates shall be exempt from compulsory deduction of zakat.




·       The Certificates can only be subscribed by eligible individuals (as defined in Rule 3 of NPC Rules, 2020) through Foreign Currency Value Account (FCVA) or Non-Resident Pakistani Rupee Value Account (NRVA), being marketed as Roshan Digital Accounts (RDAs) at HBL.

·       The investors shall have the option to subscribe either PKR denominated or US Dollar denominated certificates of 3-Month, 6-Month, 12-Month, 3-Year and 5-Year tenors.

·       Amount of Investment in each tenor certificate shall be as under:

·       US Dollar Denominated Certificates Minimum investment of USD 5,000 with integral multiples of USD 1,000.

·       PKR Denominated Certificates Minimum investment of PKR 100,000 with Integral multiples of PKR 10,000.

·       The Certificates of following tenors shall be yielding gross return (before the deduction of tax) as under:



USD Rate

PKR Rate

3 Months

5.50% p.a

9.50% p.a

6 Months

6.00% p.a

10.00% p.a

12 Months

6.50% p.a

10.50% p.a

3 Years

6.75% p.a

10.75% p.a

5 Years

7.00% p.a

11.00% p.a



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


Procedure for Periodic payments:


·       The periodic coupon payments shall be made on six (6) monthly basis only in respect of NPC of 3-year and 5-year maturities in their respective currencies.

·       The six (6) months for the periodic coupon payment shall be determined from the date of issuance of the certificates. For example: if certificates are issued on 10th September 2020, the profit payments shall be made on 10th March 2021 and on subsequent six-monthly dates accordingly.

·       In case of a holiday on the periodic profit or principal payment date, the next working day falling after the holiday will be considered the periodic profit date/principal payment date. In such case, no profit will be payable for the period of the holidays.


Premature encashment:


·       Investors can have premature encashment of their certificates.

·       Premature Encashment proceeds shall be worked-out such that rate of return accruing to that investor is equivalent to rate of return of the nearest shorter maturity of Certificates or such rate as may be notified by Finance Division from time to time.

·       No profit shall be paid in case on encashment of certificates before completion of 3 (three) months.




The above instructions are subject to change from time to time.