Pakistan Banao Certificate

The PBCs are available for 3 years and 5 years maturity with profit rates of 6.25 percent and 6.75 percent per annum respectively payable semiannually.

Key Benefits to PBC investors

Profit on semi-annual basis.
Maturity in USD as well as PKR.
PKR maturity has an added incentive of 1% on
Can be en-cashed at any time; however encashment in USD within one year of issuance entails 1 percent penalty.
Encashment application will also be submitted online by accessing the Redemption module of PBC portal.
Periodic Profit and redemption proceeds will be sent to the investors’ accounts designated at the time of investment.

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Digital Subscription

PBC is being offered for subscription through a specially designed Web-Portal. The investors first register themselves on the portal and give their investment and bank account details on successful registration. See how to apply/register for PBC.

The certificates are issued to the investors electronically on receipt of funds in State Bank of Pakistan Account. The investor receives confirmation of the issuance of the certificates both through email and updation of their account on the portal. The investors can view the status of their application by accessing the web-portal through their respective User ID and Password.

Eligible Investors

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

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

Minimum Investment Amount

Minimum investment amount is USD 5,000 or higher in the integral multiple of US$1,000 with no maximum limit.

Transfer of Funds

The investor will remit the intended investment amount from his/her own account outside Pakistan to the SBP account with National Bank of Pakistan (NBP) New York to be notified to the investors on completion of investment details on the portal.

Investors are requested to ensure that the funds reaching the SBP account with NBP New York are equivalent to their intended investment amounts net of bank charges, if any.

Type of Instrument

PBCs is a scrip-less instrument registered in the Securities General Ledgers Account (SGLA) maintained at State Bank of Pakistan (SBP). PBCs so issued will be residing in an Investor Portfolio Security Account (IPS) of the investor, so as to keep track of investment of each individual investor.

Registered for Pakistan Banao Certificates?

See our 3 easy steps to invest

You can apply for PBCs if:

You have CNIC/NICOP or POC
You’re an existing bank account abroad

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Important legal information

Pakistan Banao Certificates (PBC) is authorized and regulated by the Government of Pakistan (GoP) and denominated in United States Dollar for the investors having liquidity in their bank accounts overseas. PBCs will be coupon securities carrying coupon of 6.25 percent payable semiannually and 6.75 percent payable semiannually for 3 and 5-Years respectively. Profit payment shall be exempted from deduction of tax at source.

PKR maturity has an added incentive of 1% on the final premium. Can be en-cashed at any time; however encashment in USD within one year of issuance entails 1 percent penalty. ENCASHMENT IN RUPEES HAS NO PENALTY. Encashment application will also be submitted online by accessing the Redemption Module of PBC portal. Periodic Profit and redemption proceeds will be sent to the investors’ accounts designated at the time of investment Maturity in USD as well as PKR.