NS announces rise in profit rates

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ISLAMABAD: Rates of profit on different National Savings schemes have been raised from January 1, 2011.

According to officials of National Savings Schemes, the rates of profit on savings schemes have been increased in the wake of rise in discount rate by the State Bank of Pakistan.

A huge of investment of Rs1700 billion is being currently being managed by the National Savings which has raised profit mark up on its Regular Income Certificate by 1.08 percent to 13.44 percent. The rate on Special Certificate has been raised by 1.2 percent to 13.33 percent; Defence Savings Certificate by 0.95 percent to 13.55 percent and; rate of profit on Welfare Certificate has been raised by 0.72 per cent to 16.36 percent.

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