Pakistan increases profit rates for National Savings schemes

The Pakistani government has revised the profit rates for several National Savings schemes to encourage saving and attract funds into secure investment products. The adjustments affect a variety of options, including regular income products, Islamic accounts, and short-term certificates.

Special Savings Certificates saw the largest increase, rising by 110 basis points to a 12% annual rate for the first five payments, with the sixth payment increasing to 12.8%. Regular Income Certificates increased by 96 basis points to 12.12%, while Behbood Savings Certificates rose by 36 basis points to 12.96%.

Islamic investment options also received upward revisions. The Sarwa Islamic Account now offers an expected annual return of 11.84% for one year, 12.10% for three years, and 12.12% for five years. Short-term certificates were also adjusted, with rates for three-month, six-month, and one-year terms set at 11.12%, 11.50%, and 11.72%, respectively.

Investors are reminded that actual returns will be subject to applicable deductions, including withholding tax and Zakat.