Government Increases Yield Rates for Islamic Naya Pakistan
The Finance Division has increased the yield rates for Islamic Naya Pakistan Certificates (INPCs) sponsored by the Pakistan Rupee and other currencies, for various maturity periods.
The State Bank of Pakistan (SBP) has announced that the yield for INPCs denominated in PKR with a 3-month maturity has been raised from 9.5% to 15.00%, and for 6-month maturity certificates, the rate has gone up from 10.00% to 15.25%.
The yield for INPCs with a 1-year maturity has been raised from 10.50% to 15.50%, and the rates for 3-year and 5-year INPCs have been increased to 14.00% and 13.50%, up from 10.75% and 11.00% previously.
Note that the government has already adjusted the yield rates for US dollar, British Pound, and Euro-denominated INPCs for different maturities for Pakistanis with Roshan Digital Accounts.
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