Government cuts profit rate of NSS

MG News | February 04, 2022 at 02:59 PM GMT+05:00

0:00

February 4, 2022 (MLN): The government on Thursday has revised the profit rates on National Savings Schemes certificates with effect from February 4, 2022.

According to the notification issued by Finance Division, the profit rate has been cut by 72 basis points (bps) to 12.24% per annum on behbood and pension certificates while the rate on defence saving certificates declined from 11.12% to 10.4%.

Likewise, the profit rate on regular income certificates has been dropped by 48bps to 10.32%.

On the other hand, the profit rate on the saving accounts has moved up by 1% to 8.25% per annum.

Copyright Mettis Link News

Related News

OMO Result: SBP injects Rs13.4tr into market

Imports dip 8% MoM in February, transport, food lead gains

Breakup of trade data in February: PBS

Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,495.00	74,210.00 70,200.00	850.00 1.20%
BRENT CRUDE	103.89	103.95 97.60	3.43 3.41%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.90 -11.49%
ROTTERDAM COAL MONTHLY	122.70	123.80 122.70	-1.10 -0.89%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	99.31	99.32 92.04	3.58 3.74%
SUGAR #11 WORLD	14.41	14.53 14.30	0.03 0.21%