Pakistan Banao Certificates (PBCs)

Pakistan Banao Certificate is an investment instrument launched for Pakistani ex-pats / overseas Pakistanis. These dollars denominated scripless Certificates offer expats handsome returns on investments geared towards a national cause.

Pakistan Banao Certificates are risk-free instruments that offer an annual interest rate starting from 6.25%.

The Certificates are available with maturities of 3 years and 5 years maturity (Maturity should be written only once) and profit rates of 6.25% and 6.75% per annum, respectively payable semiannually.

How To Purchase Pakistan Banao Certificates?

Pakistan Banao Certificates are available online. NICOP and other valid documents are required.

Who Can Invest?

The holders of any one or more of the following documents and (having own) a bank account abroad are eligible to subscribe to the PBCs.

• Pakistani individual(s) having the Computerized National Identity Card (CNIC).
• Pakistani individual(s) having a National Identity Card for Overseas Pakistanis (NICOP).
• Holders of Pakistan Origin Card (POC).

Minimum Investment Amount:

• The minimum investment amount is USD 5,000.
• Investments of higher amounts are available in the integral multiples of USD 1,000.
• There is no maximum limit.

Transfer of Funds:

• The investor will remit the intended investment amount from his/her account outside Pakistan to the SBP account with the National Bank of Pakistan (NBP) New York.

Subscription Process:

Investors can subscribe to PBCs through a web portal to register themselves and give their investment and bank account details.

The certificates are issued to the investors electronically on receipt of funds in the State Bank of Pakistan Account given on the portal. The investor receives confirmation of the issuance of the certificates both through email and updating of their account on the portal.

Investors can view their application status by accessing the web-portal through their respective User ID and Password.

Key Benefits:

PBCs offer a more significant return on investments compared to other bonds/instruments. The profit is paid on a bi-annual basis; maturity in USD and PKR; PKR maturity has an added incentive of 1% on the final premium; it can be en-cashed at any time encashment in USD within one year of issuance entails 1 percent penalty.

To subscribe/register for Pakistan Banao Certificate, please visit: https://www.pakistanbanaocertificates.gov.pk.

For Operational Instructions for Investment in Pakistan Banao Certificates (PBCs) please visit: http://www.sbp.org.pk/dmmd/2019/C2.htm.