savings

Govt cuts profit rates on national savings schemes D_Trends

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Govt cuts profit rates on national savings schemes D_Trends

The government has reduced the profit rates on various national savings schemes and certificates by up to 1.22 percentage points, further discouraging savings and exacerbating Pakistan’s already low domestic savings rate.  According to data from the Central Directorate of National Savings (CDNS), the return on the Sarwa Islamic Term Account has been lowered from 17.58% … Read more

CDNS cuts profit rates on select national savings schemes D_Trends

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CDNS cuts profit rates on select national savings schemes D_Trends

ISLAMABAD: The Central Directorate of National Savings (CDNS) has adjusted the profit rates on several of its National Savings Schemes, implementing notable reductions while leaving others unchanged. The most significant cut is observed in the profit rate of the Savings Account (SA), which has been reduced by 150 basis points (bps), dropping from 20.5% to … Read more