National Savings Schemes sees over Rs27bn inflow in Oct

December 04, 2025 (MLN):  Pakistan’s National Savings Schemes recorded net inflows of Rs27.3 billion in October 2025, supported primarily by renewed investor interest in Regular Income Certificates (RIC) and Special Savings Certificates (SSC), according to State Bank of Pakistan data.

Monthly numbers show that RIC attracted Rs5.92 billion, while SSC posted net inflows of Rs2.57 billion, continuing their upward trend seen since July 2025. Defence Savings Certificates (DSC) remained in negative territory with net outflow of Rs647 million, while prize bonds added Rs3.41 billion in inflows.

Total “Others” category contributed Rs16.06 billion, forming the bulk of the monthly increase.

On a cumulative basis, National Savings mobilised Rs102.75 billion during FY26 to date (July–October), sharply lower than the Rs257.12 billion mobilised in the same period of FY25. The slowdown reflects reduced reliance on expensive domestic debt amid easing inflation and improving external account position.

Analysts note that while month-on-month inflows remain positive, the year-on-year contraction highlights the government’s shift towards cheaper financing sources and softer investor appetite following lower profit rates compared with last year.

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