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NBP Funds provides you with an opportunity to invest and benefit from the growth potential of Pakistan. Keeping in mind the continuously changing market dynamics, we at NBP Funds strive to ensure that our investors get the best value for their investments.
Pakistan is the sixth most populous country in the world with favorable demographics as majority of population is under the age of 30. It is amongst the top 10 commodity producers of Milk, Wheat, Rice, Sugar & Cotton and is strategically placed to become Asia’s premier trade, energy and transport corridor. The Pakistani stock market is trading at a significant discount over regional peers and other markets in the MSCI Emerging Market Index, while the corporate earnings have grown at a sustained double-digit rate in last fifteen years. All of these reasons make the Pakistani market a perfect opportunity for investment in the long term.
Overseas Investors can invest their savings with NBP Funds by following the simple steps mentioned below:
To invest your savings in NBP Funds, you need to open an account. You are required to send scanned copies of the required documents via email at [email protected] . After confirmation, you will be asked to send the original set of documents to activate your account.
The list of required documents is mentioned below:
Prior to Transfer / Account opening please share all documents for KYC confirmation.
Overseas Investors can remit the investment amount through their banks to Pakistan for investment in NBP Funds. Once the Foreign currency is received in Pakistan, it is converted to PKR at the prevailing interbank exchange rate. The funds will be transferred to the designated account after which NBP Funds will issue units.
Investors can use any one of the following methods to transfer investment amount to NBP Funds:
Special Convertible Rupee Account (SCRA) allows Overseas Investors to easily remit and invest in Pakistan and repatriate their investment amounts as and when required. Investors can easily open their SCRA account through any of the banks in Pakistan. Once the investor remits foreign currency into the SCRA account, the bank converts the foreign currency at the current prevailing rate. NBP Funds issues units after the receipts of funds from the bank.
Investors can also invest directly into Funds account under management of NBP Fund maintained with CDC by sending foreign currency directly into the following account:
|Title of Account||CDC TRUSTEE NAFA FUNDS|
|Bank||Bankislami Pakistan Limited|
|Branch||Main Branch, Karachi|
|Branch Address||11th Floor, Executive Tower, Dolmen City, Block-4, Clifton, Karachi|
BANICISALMI BIC CODE : BICIPPICKA
|FCY||CORRESPONDENT||NOSTRO ACCOUNT NUMBER||SWIFT CODE|
|AED||MCB Bank Limited (Dubai IBAN)||AE 730910000 0130||MUCBAEAD|
|CHF||United Bank AG (Zurich), Switzerland||833.03.01001||UNILCHZZ|
|EUR||Unicredit Bank AG Munich, Germany||69109624||HYVEDEMM|
|CNY||Industrial And Commercial Bank of China, Karachi||6.00101E+18||ICBKPKKA|
|GBP||Mashreq Bank PSC, London||10871||MSHQGB2L|
|JPY||National Bank of Pakistan, Tokyo, Japan||21134||NBPAJPJT|
|SAR||Bank Al-Jazira, Jeddah||SA37 6000 0000 990050097001||BJAZSAJE|
|USD||JP Morgan Chase Bank National Association New York,||927642504||CHASUS33|
|AUD||JP Morgan Chase Bank, Sydney||10149984||CHASAU2X|
NBP Funds will carry out a process of registration of the investment with State Bank of Pakistan to help in registering the investment and to facilitate in repatriation as and when required.
On subsequent investments, only investment application form is to be sent along with the payment transfer.
Investors can receive their proceeds in Special Convertible Rupee Accounts (SCRA) in Pakistan, which can be repatriated anytime in Foreign Currency. Whereas remittance of non-SCRA account holders will be directly deposited to the IBAN accounts of the investors.
If redemption is partially or completely made in foreign currency, then registration and approval from State Bank of Pakistan is mandatory.
Please write to us at [email protected] for any queries or assistance