ISLAMABAD: The Pakistani government has reduced the profit margins for a number of national savings programs.
The finance ministry said that the profit rate on Regular Income Certificates has been lowered from 15.12 percent to 15 percent. Similarly, National Savings Certificate returns were reduced from 16.40% to 16 percent.
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In a similar vein, the short-term certificate profit rate dropped from 20.80% to 20.34 percent. On the other hand, the Defense Savings Certificate’s rate of return dropped from 14.41 percent to 14.22 percent.
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The returns on the Shuhada Family Welfare Account, Pension Benefit Account, and Behbood Savings Account are still 16.08 percent. With effect from September 5, 2023, the federal government increased the profit rate on national savings’ Sarwa Islamic certificates in September.
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