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SAMAA - Pakistan reduces profit rates on National Savings schemes

Pakistan reduces profit rates on National Savings schemes They will be applicable from May 19 SAMAA | Shakeel Ahmed - Posted: May 18, 2021 | Last Updated: 3 days ago SAMAA | Shakeel Ahmed Posted: May 18, 2021 | Last Updated: 3 days ago Photo: SAMAA Digital The government has reduced profit rates on National Savings schemes, the Ministry of Finance said in a notification Tuesday. The profit on Shuhada Family Welfare Accounts and Pensioners Benefit Accounts has been reduced to 11.04% from 11.52%, according to the notification. The government has reduced the profit on Regular Income Certificates by Rs600 to Rs7,200. Short-term Savings Certificates worth Rs500,000 have their profit slashed by Rs500, the notification read. People having these

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