Pakistan’s National Savings has raised profit rates on several savings schemes, with increases ranging from 12 basis points to 74 basis points, according to rates announced by the institution.
The rate of profit on Defense Savings Certificates increased by 19 basis points to 11.80%, while the rate of return on Behbood Savings Certificates and Pensioners Benefit Accounts rose by 12 basis points to 12.72%.
The profit rate on Regular Income Certificates increased by 60 basis points to 11.76%, while the rate on Special Savings Certificates rose by 74 basis points to 11.82%.
Under the Sarwa Islamic Savings Account scheme, the rate for the three-year option increased by 41 basis points to 11.57%, while the five-year rate was raised by 54 basis points to 11.70%.
The revised rates would determine returns available to investors in the respective National Savings schemes.