USD- based NPCs rate of return revised for overseas Pakistanis
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The State Bank of Pakistan (SBP) has increased the rate of return for investment in US dollar-denominated Naya Pakistan Certificates (NPCs), reported 24NewsHD TV channel.
The government took the decision to attract the investments of overseas Pakistanis. It has increased the rate of return up to 1.50% on investments in dollar-based Naya Pakistan Certificates (NPCs).
Known economist, Mohammad Sohail taking to Twitter said that there was a dire need after the increase in the interest rate in the global market.
An increase in the rate of return will definitely attract investment in USD-denominated Naya Pakistan Certificate, he added.
The rate of interest on investment on the USD-based NPCs for three months has been increased by 1.50% to 7%. The rate of return on investments on NPCs for six months has been boosted by 1.20% to 7.20%.
Likewise, the rate of return on investment on the NPCs for one year has surged by 1% to 7.50%.
Each rate of interest on investments in NPCs increased from 1.25% to 8% over three years. Each rate of return on investment on the NPCs for 5 years has been increased by 1% to 8%.