Government cuts rate of profit on national savings scheme

By MG News | January 02, 2020 at 04:56 PM GMT+05:00

0:00

January 2, 2020 (MLN): Government of Pakistan has further reduced the rate of profit on national savings scheme.

The rate on defense savings has been cut by 28 basis points to 10.40 percent, behbood and pension by 24 bps to 12.24 percent, regular income certificate cut 36 bps to 10.56 percent, whereas rate on special savings has been kept unchanged at 11 percent.

On the other hand, the profit rate on savings account has been increased by 40 bps to 8.60 percent.

Copyright Mettis Link News

Related News

MG Morning Breeze: Updates to Skim before Market

Pakistan’s trade deficit improves by over 9% in June

Pakistan assumes UN Security Council Presidency for July 2025

Name	Price/Vol	%Chg/NChg
KSE100	128,199.43 336.91M	2.05% 2572.11
ALLSHR	79,787.62 1,023.63M	1.53% 1202.91
KSE30	39,105.00 121.90M	2.49% 951.21
KMI30	186,915.61 131.16M	1.10% 2029.11
KMIALLSHR	54,201.88 553.60M	0.81% 438.07
BKTi	33,476.68 51.49M	4.87% 1555.00
OGTi	27,962.58 9.77M	0.68% 188.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	106,000.00	106,200.00 105,440.00	250.00 0.24%
BRENT CRUDE	67.20	67.29 67.05	0.09 0.13%
RICHARDS BAY COAL MONTHLY	97.50	97.50 97.50	0.70 0.72%
ROTTERDAM COAL MONTHLY	103.80	103.80 103.80	-3.45 -3.22%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.52	65.65 65.34	0.07 0.11%
SUGAR #11 WORLD	15.70	16.21 15.55	-0.50 -3.09%