Govt hikes profits in National Savings certificates.

ISLAMABAD -- The federal finance department has on Thursday announced an increase in profit rates of National Savings schemes by an average of 0.97 per cent, media reported.

The profits in the savings certificates Pension Benefit and Behbud Saving have been increased to Rs940 a month than the previous Rs860.

Separately for the Special Saving Certificate will now pay Rs3,900 every six months followed by Defense Saving Certificate which shall pay Rs200,000 every decade.

The increase has been notified via a circular today with an immediate effect that is, starting January 21.

However, it may be noted that Savings Account has been exempted from this increase announced today.

Separately today, the governor of State Bank of Pakistan Dr Reza Baqir called on Prime...