Govt adjusts profit rates on National Savings Schemes
Business
Changes impact short-term, Islamic, and defense savings options across Pakistan.
ISLAMABAD (Web Desk) - The federal government revised profit rates on various National Savings Schemes, according to a new official notification issued by the Central Directorate of National Savings.
As per the latest figures, the profit rate on Short-Term Savings Certificates has been adjusted from 10.6% to 10.42%, reflecting a slight change.
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Meanwhile, Islamic Savings Accounts have seen a positive shift. The Sarwa Islamic Savings Account and Sarwa Islamic Term Account now offer an increased annual profit rate of 9.92%, up from 9.50%.
On the other hand, Defense Savings Certificates have experienced a decrease of 12 points, reducing the profit rate from 11.54% to 11.42%.
The new profit rates are now in effect nationwide.
