The net savings reached mobilization through national savings plans (NSS) at 23.33 billion rupees in February, a decrease from 31.16 billion rupees in the previous month, according to data issued by the State Bank in Pakistan (SBP) today. The decrease reflects the decrease in flows to the main savings tools. While regular income certificates (RIC) … Read more
The federal government has reduced profit rates on various national savings plans by up to 2 percent, as it is in line with the reducing the last policy rate of the Pakistani country of 100 points to 12 %. The profit rate on regular income certificates is reduced to 11.88 % annually, a decrease from … Read more
ISLAMABAD: The Central Directorate of National Savings (CDNS) has reduced profit rates on short-term savings certificates (STSCs), effective December 2024, due to lower inflation in the country. Introduced in 2012, it caters to the short-term financing needs of investors and offers three-month, six-month and one-year maturity options. These certificates are available to Pakistani nationals and … Read more