Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: National savings: A purview
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > National savings: A purview
Business

National savings: A purview

Web Desk
By Web Desk Published March 5, 2015 3 Min Read
Share
SHARE

According to the latest data released by the State Bank of Pakistan (SBP), savings mobilised under the NSS in January alone amounted to Rs34.4 billion, which is 11.1% less than the corresponding figure for the same month of the last fiscal year.

Overal savings mobilisation by the National Savings Schemes (NSS) in the first seven months of 2014-15 remained Rs229.9 billion, 137.2% higher than the amount of savings mobilised in the corresponding period of 2013-14.

The largest jump in NSS mobilisation in the seven months was witnessed in November when NSS received over Rs90 billion. It was the same month when the SBP brought down its key interest rate by 0.5% after keeping it flat at 10% for over a year. The SBP decreased its key interest rate by a total of 1.5% during the period under consideration.

The government has linked profit rates on major NSS with the yield on Pakistan Investment Bonds (PIBs). PIB yields have come down notably since January. In the latest auction, the cut-off yields on three-five- and 10-year PIBs came down by 39, 60 and 20 basis points, respectively.

As a result, the federal government has also reduced the rates of return on various schemes by 1.2%-1.5% from February 1.

While some of the savings schemes impose an upper cap on the total amount of investment one customer can make, other schemes such as National Savings Bonds do not entail such restrictions. Aslam said big investors can possibly pull out their investments if yields on PIBs, which loosely serve as a benchmark for most NSS, decrease further in coming months.

Savings mobilised under the NSS in 2013-14 amounted to Rs196.4 billion, which was almost half of the savings mobilisation achieved during 2012-13.

Savings mobilisation under the NSS remained Rs224.7 billion in 2009-10, Rs234.9 billion in 2010-11, Rs188.3 billion in 2011-12, Rs386 billion in 2012-13 and Rs196.4 billion in 2013-14. This translates into a compound annual growth rate of a negative 3.3% per annum for the last four fiscal years.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Wall Street Tesla

Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill

Pakistan's Inflation June 2025

Pakistan’s Inflation Rises to 3.2% in June 2025, Aligns with Forecast

International Driving Permit at Lahore airpot

Punjab Launches Pakistan’s First International Driving Permit Kiosk at Lahore Airport

Post Archives

More Popular from Photonews

Karachi PECHS robbery 2025
Sindh

TikTokers Arrested for Rs130M Robbery in Karachi’s PECHS Area

2 Min Read
Karachi airport aircraft crash
Sindh

Loader Truck Hits Parked Aircraft at Karachi Airport

2 Min Read
Zlatan Ibrahimovic defends Messi after nter Miami’s 4-0 Club World Cup Loss
Sports

Zlatan Ibrahimovic Defends Messi After Inter Miami’s 4-0 Club World Cup Loss

4 Min Read
Business

Pakistan Leads Global Decline in Sovereign Default Risk, Bloomberg Reports

On June 28, 2025, Bloomberg Intelligence’s Global Emerging Market Rankings highlighted Pakistan’s remarkable achievement as the…

June 28, 2025
Entertainment

Justin Bieber’s Cryptic Instagram Posts Spark Concern for His Well-Being

Justin Bieber’s recent Instagram activity has left fans confused and concerned. The 31-year-old singer shared a…

June 29, 2025
Pakistan

Pakistan Supreme Court Overturns PTI’s Reserved Seats Ruling in 7-5 Decision

On June 27, 2025, Pakistan’s Supreme Court Constitutional Bench, led by Justice Aminuddin Khan, delivered a…

June 27, 2025
Pakistan

BBZ Claims Govt Agrees to Income Tax Exemption on Salaries Below Rs1.2M

On June 26, 2025, Bilawal Bhutto Zardari, chairperson of the Pakistan Peoples Party (PPP), announced the…

June 26, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?