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Reading: National Savings Cuts Profit Rates by up to 250 Basis Points
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Pakistan National Savings rates July 28, 2025
PhotoNews Pakistan > Business > National Savings Cuts Profit Rates by up to 250 Basis Points
Business

National Savings Cuts Profit Rates by up to 250 Basis Points

Web Desk
By Web Desk Published December 11, 2024 1 Min Read
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Govt slashes returns on national savings schemes. Photo Credits: The Current
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The federal government has declared a reduction in profit rates for National Savings schemes, effective December 11. The National Savings Department reports a decrease in the profit rate on savings accounts from 16% to 13.5%, a cut of 250 basis points. Similar reductions have been applied to Regular Income Certificates and Defence Savings Certificates.

Rates of profit on National Savings Schemes have been revised with effect from 10-Dec-2024@savingsgovpk @StateBank_Pak @Financegovpk#Pakistan #Economy #AHL pic.twitter.com/yg06V3z0Js

— Arif Habib Limited (@ArifHabibLtd) December 9, 2024

Specifically, the profit rate for Regular Income Certificates has dropped by 10 basis points to 12.1%. Additionally, the rates for Short-Term Savings Certificates have been decreased. The Department has also revised rates downward for other plans, including the Savings Account, Sarwa Islamic Term, and Islamic Savings Account.

https://twitter.com/Profitpk/status/1866369758267924910

Notably, the profit rate on Islamic Savings Accounts now stands at 10.44%, following a 72-basis-point reduction.

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