Government raises profit rates on national saving certificates by smaller margins

MG News | July 02, 2020 at 07:20 PM GMT+05:00

0:00

July 2, 2020 (MLN): Government has raised profit rates on national saving certificates by smaller margins with effect from July 2, 2020.

As per official sources, the profit rate on behbood, pension and shuddaa has been increased by 12 basis points to 9.96 percent.

The profit rate on defense certificates has been increased by 6 bps to 8.11 percent, whereas the rate on regular income certificate has been increased by 16 bps to 7.6 percent.

Likewise, the profit rate on special savings certificate has been slashed by 10 bps to 7 percent, and the rate on savings account has been reduced by 100 bps to 5.5 percent.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	186,518.72 569.86M	0.79% 1456.61
ALLSHR	111,118.66 1,316.08M	0.80% 877.22
KSE30	57,477.09 258.39M	0.70% 397.05
KMI30	263,795.54 229.75M	1.19% 3094.40
KMIALLSHR	71,351.41 638.92M	0.97% 686.81
BKTi	54,665.11 85.30M	0.33% 179.56
OGTi	36,323.86 37.76M	1.28% 460.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,310.00	94,190.00 91,750.00	-485.00 -0.52%
BRENT CRUDE	60.53	60.74 59.88	-0.17 -0.28%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	97.85	99.40 97.85	-0.80 -0.81%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.82	57.09 55.76	-0.31 -0.54%
SUGAR #11 WORLD	14.93	14.95 14.69	0.17 1.15%