Pakistan Revises National Savings Rates Effective Nov. 4

Overview

• An official Finance Ministry notification put a new profit-rate schedule in place across national savings instruments.
• Special Savings Certificates now yield 11.60%, while Regular Income Certificates offer 10.92%.
• Short-tenor Special Savings rates are set at 10.44% for three months and 10.64% for one year.
• Returns were cut on Defence Savings and on welfare-focused products, with Behbood reduced to 12.72%, Pensioners’ Benefit Accounts set at 12.72%, and the Shaheed Family Welfare Account down by 0.72%.
• For Sirfah Islamic Term Accounts, three- and five-year rates were increased, the one-year term remains at 9.92%, the Islamic Savings Account is unchanged, and the general Saving Account stays at 9.50%.