The SBP’s expansion of access to Naya Pakistan Certificates has opened new investment opportunities for non-resident individuals and entities. The State Bank of Pakistan (SBP) revised its eligibility criteria to widen participation under the updated framework.
This change allows a broader group of overseas investors to access both conventional and Sharia-compliant Naya Pakistan Certificates (NPCs). Under the new rules, all non-resident individuals and entities eligible to maintain specific bank accounts can now invest in NPCs.
The update follows government amendments aimed at simplifying access and increasing participation by foreign investors. The SBP has also expanded the scope of Roshan Digital Accounts (RDAs). Now, all non-resident individuals and entities registered abroad can open accounts under this framework.
This step aligns with definitions under the Income Tax Ordinance, 2001. It ensures wider inclusion for global investors seeking access to Pakistan’s financial system. The revised framework allows digital onboarding for both residents and non-residents. It covers natural persons as well as corporate and legal entities.
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Previously, digital account opening was limited to individuals holding documents such as CNIC, NICOP, or POC. The updated system removes these restrictions and simplifies the process.
For corporate clients, banks can now verify documents through official online portals. These include platforms managed by regulatory authorities, such as the Securities and Exchange Commission of Pakistan (SECP). In addition, verification can use apostilled, consularised, or notarised documents where required.
The SBP stated that the consolidated onboarding framework aims to standardise account opening procedures. It also seeks to eliminate inconsistencies across account types.
At the same time, the system strengthens regulatory compliance while making it easier to build new banking relationships. These reforms signal Pakistan’s effort to attract more foreign investment and improve the ease of doing business.
By expanding access and simplifying onboarding, the SBP aims to enhance participation from overseas Pakistanis and global investors alike.
