Currency Rates Of NBP

APP

Karachi: Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Friday.

CURRENCY              SELLING          BUYING

USD                          281.08               275.07

GBP                          364.51               356.69

EUR                          303.04               296.55

JPY                           1.8389               1.7995

SAR                           74.88                73.19

AED                          76.53                75.40

The State Bank of Pakistan (SBP) has expanded the scope of Naya Pakistan Certificates (NPCs) by introducing investment options in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract more overseas Pakistanis from the Gulf region.

According to a circular issued by the central bank on Monday, commercial banks have been informed that the Finance Division has approved the launch of NPCs denominated in SAR and AED.

Under the newly announced rates, investors in both Saudi riyal and UAE dirham certificates will receive returns of 6.50 percent for three months, 6.75 percent for six months and 7 percent for one year. The profit rates for three-year and five-year investments have been fixed at 7.25 percent and 7.50 percent respectively.

The revised rates also show that investments in US dollar-denominated NPCs will continue to offer comparatively higher returns, with investors receiving 6.75 percent for three months, 7 percent for six months and 7.25 percent for 12 months. Profit rates for three-year and five-year dollar investments have been increased to 7.5 percent and 7.75 percent respectively.

Pakistani rupee-denominated NPCs remain the highest-yielding option, offering returns ranging from 11.75 percent to 12.75 percent depending on the investment tenure.