Profit rates on national saving schemes likely to rise on July 1

KARACHI: The profit rates are likely to be increased by half per cent on different national saving schemes.

As per sources, The National Saving Centre has prepared a summary of half per cent or 50 base points increase in the profit rates that will be sent shortly to the Finance ministry for approval. The increase in profit rates will take effect from July 1.

The current profit rates are 10.8 per cent on pensioners and Behbud Certificate, 76.6 per cent on National Saving Scheme, 8.10 per cent on Defence Saving Certificate and 7.63 per cent on Regular Income Certificate.

Must Read

Retailers reap substantial profits amid Ramadan crackdown, despite Rs. 45 million...

KARACHI:  Despite a significant crackdown, retailers in Karachi continue to enjoy substantial profits during Ramazan, with fines amounting to Rs. 45 million levied on...