KARACHI – Pakistani investors and savers face another blow as Ministry of Finance confirmed a cut in profit rates for various National Savings Schemes.
Almost all savings options, including Savings Account, Special Savings Account, and Defense Savings Scheme. Additionally, the Regular Income Certificate and Welfare Savings Certificate will see a drop in their interest rates.
After this revision, the annual profit rate for Pensioners Benefit Accounts and Shuhada Family Welfare Accounts dropped from 15.36pc to 14.16pc.
| NSD Products | Old Profit Rate | New Profit Rate | Change |
| Sarwa Islamic Term Account | 17.58% | 16.36% | -1.22% |
| Sarwa Islamic Savings Account | 19.00% | 18.00% | -1.00% |
| Short Term Saving Certificates | 17.88% | 17.20% | -0.68% |
| Special Saving Certificates | 15.80% | 15.50% | -0.30% |
| Special Saving Accounts | 15.80% | 15.50% | -0.30% |
| Regular Income Certificates | 14.64% | 14.52% | -0.12% |
The adjustment in profit was made in line with the government’s broader strategy to manage the financial landscape. For many individuals, these savings schemes are said to be crucial sources of income, especially for retirees and families dependent on welfare support.
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