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:
- Through Special Convertible Rupee Account (SCRAs):
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.
- Directly into Bank Account:
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 NBP FUNDS |
Account Number |
SAVING – 1003-3939596-0241 |
IBAN |
PK55BKIP0100339395960241 |
Swift Code |
BKIPPKKA |
Bank |
Bankislami Pakistan Limited |
Branch |
Main Branch, Karachi |
Branch Address |
11th Floor, Executive Tower, Dolmen City, Block-4, Clifton, Karachi |
- BIPL maintained following NOSTRO Accounts:
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 |
6001010000000109059 |
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.