The CJSC “NBP Pakistan Subsidiary Bank in Tajikistan” warmly welcomes you!
A leading Government owned commercial bank of Pakistan with total assets worth around USD: 13 billion.


Notice of the closure of NBP Pakistan Subsidiary Bank in Tajikistan


Dear Customers!

With all respect we regret to inform you that by decision of the Board of Directors of the National Bank of Pakistan, a decision has been taken to terminate activities in the Tajikistan in the near future. In this regard, we kindly ask you to close your existing accounts in the Branch until April 15, 2021.

Please note that the Branch closure is associated with its voluntary liquidation, moreover, the financial position is quite stable. The Branch has enough liquidity to fully meet its obligations and settle accounts with all depositors. The above mentioned deadline, until April 15, 2021, is provided so that our customers /depositors have the opportunity to choose another bank to meet their needs and avoid the inconvenience of changing the bank.

NBP Pakistan Subsidiary Bank in Tajikistan expresses gratitude for the long-term and fruitful cooperation with our bank and wishes you success and prosperity!

We kindly ask you to pick up the written notice at the bank‘s office at the address: Business Center “Sozidanie”, 48 Ayni avenue, Dushanbe, Tajikistan, tel: (44) 610 44 14/12

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Letters of credit

A Documentary Letter of Credit (LC) is a written undertaking given by a bank on behalf of an Importer to pay the Exporter a given sum of money within a specified time, providing that the Exporter presents documents which comply with the terms laid down in the Letter of Credit. Letters of Credit can be for any amount, in any freely traded currency, and, subject to the presentation of compliant documents, may be payable:

The Documentary credit may be at sight, which means as soon as a compliant set of documents are presented to the paying bank, the bank can pay; or, payable at fixed determinable time i.e. after a specified term, e.g. at 30, 60, 90 or 180 days of sight or Bill of Lading date the bank will pay.

In the light of such mechanism CJSC "NBP Pakistan Subsidiary Bank in Tajikistan" on behalf of its clients' offers the services of issuing the following types of letters of credit against cash, collateral or the amount approved for the client's credit line.

Types of Letter of Credit:

This LC can be cancelled or amended by the applicant or the Opening Bank without prior notice to the Exporter.

With an irrevocable Letter of Credit the Issuing Bank gives its irrevocable undertaking to pay if all the terms of the LC are met. The Issuing Bank can only amend or cancel its undertaking if all parties to the LC consent to the change.

A Confirmed LC is one to which a second bank, usually in the Exporter's country and at the Exporter's request, adds its own commitment (confirmation) that payment will be made. Confirmation is generally used when there is perceived to be some risk that the bank issuing the Letter of Credit may not be able to fulfil its obligation to pay. This could be due to bank failure or instability in the country of the Issuing Bank.

If the LC is unconfirmed, the Advising Bank merely informs the Exporter of the terms and conditions of the LC without adding its own undertaking to pay or accept under the terms of the LC.


Transferable Letters of Credit are used when the Exporter is acting as an intermediary between the Importer and Exporter in a commercial transaction. In this instance, all of the rights and obligations of the LC are transferred from the intermediary to the ultimate supplier. The intermediary has no liability.

It is normally used in situations where a supplier sells through an intermediary or 'middleman' to the ultimate Importer and is in a strong enough bargaining position to insist upon payment by Letter of Credit. By using a Transferable Letter of Credit, the intermediary is able to provide payment by LC to their supplier without the need for their own credit line with the transferring bank. An LC is only transferable if it is expressly stated to be so by the Issuing Bank.

The terms of the transferred LC must be the same as the original except for the amount, unit price, expiry date, latest presentation date and period of shipment. All of these may be reduced, or brought forward.

The identities of the Importer and the ultimate supplier may need to be withheld from each other. Careful drafting of the original and transferred Letter of Credit is needed to ensure this occurs.

In this instance, two LCs are established completely independently of each other. The Importer establishes theirs in the Exporter's favour. The Exporter can then arrange a second LC in favour of the ultimate supplier of the goods or the supplier of raw materials.

This type of LC should only become necessary where the underlying contracts are on terms which do not match or where a Transferable LC is unable to maintain secrecy on a particular aspect of the transaction.

Due to the greater risk involved with this type of LC, they are rarely issued.


If an Exporter makes regular shipments to a particular Importer under a long term supply contract, it may be beneficial for a series of shipments to be secured by a single documentary LC.

A Revolving LC can achieve this by the LC being reinstated for the original amount after a given period, and allowing the value of the LC to be drawn each time a shipment of goods is undertaken.

Be aware that as this is a continuing liability, it will have an impact on banking facilities.

Advance Payments (or Red Clause)

An LC that contains a clause, which authorizes the nominated bank to advance a portion of the value of the LC to the Exporter before shipping documents are presented. This enables the Exporter to purchase raw materials or to pay other costs before receiving the full payment, once conforming documents have been presented.

Advances are made at the risk of the Importer. Drawings under an LC are made against a simple receipt from the Exporter that they will refund the amount if they do not ship the goods as required. The Importer's account is debited as soon as an advance has been made.


A Standby Letter of Credit is a type of trade debt guarantee that is only drawn against in the event that the Importer defaults in some way, e.g. fails to pay for a consignment within an agreed period. A standby LC includes an expiry date, but no latest shipment date. Standby LCs will normally call for a statement of default from the Exporter and also evidence of default. Barclays is happy to discuss whether or not a Standby Letter of Credit is appropriate to your needs.

Collateral. The collateral to be accepted for opening of a Letter of Credit is Cash, Deposits lying with the bank, Government Treasury Bills, Government Securities, residential real estate. Clients pay the operating commissions of the Bank plus commission for the risks, calculated and approved by individual and depend on the amount and liquidity of the collateral provided.

Mixed provision of the above options.

Obligatory condition for issuance of letter of credit is the presence of a current account opened with CJSC "NBP Pakistan Subsidiary Bank in Tajikistan."

Currency rates

Currency exchange rates on June 22, 2021

    Purchase Sell  
   1 USD 11.3200 11.3400 TJS
   1 EUR 13.4000