SBP allows Naya Pakistan Certificates in SAR & AED

The government has expanded the scope of Naya Pakistan Certificates (NPCs) scheme by introducing investment options in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract more investment in the bonds from overseas Pakistanis residing in the Gulf region. The State Bank of Pakistan (SBP) on Monday revealed that the Finance Division’s External Finance Wing, through Gazette Notification No. S.R.O. 870(I)/2026 dated May 15, 2026, has approved the issuance of Conventional Naya Pakistan Certificates (NPCs) in SAR and AED in addition to the existing currencies. Previously, overseas Pakistanis could invest in Naya Pakistan Certificates (NPCs) in four currencies including the US Dollar (USD), Euro (EUR), Pakistani Rupee (PKR), and British Pound Sterling (GBP).