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National Saving certificates profit rates increased
2 Jun, 2022
The Finance Ministry on Thursday notified meager increase in profit rates on national saving certificates. As per the notification, the profit margin on regular income certificates has been increased from 12 percent to 12.36 percent. The profit margin on saving certificates has been increased ...
Profit rates on national saving schemes significantly increased by Federal Government
25 Mar, 2022
The government has increased the profit rate on several national savings certificates and schemes by 48 to 100 basis points. It has revised the profit rate upwards to absorb the benefit of a boost in its income from Pakistan Investment Bonds (PIBs). The rate of return on Regular Income ...
Federal government has banned the sale of the Rs 25,000 prize bonds
10 Dec, 2020
LAHORE: The government has banned the sale of Rs25,000 denomination prize bonds with immediate effect, according to a notification issued on Thursday. According to the notification, the bonds can be converted into premium prize bonds (registered) of Rs25,000 denomination through 16 field ...
Federal government takes important decision over Rs 25,000 prize bonds
4 Dec, 2020
ISLAMABAD - The federal government is likely to discontinue Rs25,000 prize bond to meet conditions of the Financial Action Task Force (FATF) to come out of its grey list. Local media reports say the State Bank of Pakistan (SBP) would start registration of the prize bonds from December ...
PTI government launches yet another economic initiative for the residents and non residents Pakistanis
11 Oct, 2020
The government has introduced Shariah-compliant regulations to enable resident and non-resident Pakistanis to invest in foreign currencies through Islamic Naya Pakistan Certificates (INPCs) that will build up the foreign exchange reserves, and support the economy of Pakistan. According to the ...
Significant reduction in the profit rates of National Saving Schemes in Pakistan
24 Apr, 2020
*ISLAMABAD : **Significant reduction in the profit rates of National Saving Schemes in Pakistan.* The federal government has reduced the rate of profit on various National Savings Schemes by up to 5.42 per cent with effect from Friday, according to a notification. The profit rate on Defence ...
Pakistan's Banking Industry makes historic record in FY 2019-20
14 Jan, 2020
ISLAMABAD - Pakistan’s banking industry’s deposits reached an all-time high at Rs. 14.63 trillion by the end of 2019. High-interest rates helped commercial banks offer attractive saving rates to the customers on saving accounts or saving certificates. Some of the commercial banks promoted the ...
State Bank Of Pakistan responds over reports of discontinuation of Rs 5000 Note
13 Nov, 2019
ISLAMABAD - The State Bank of Pakistan (SBP) has refuted reports circulating on social media that it is discontinuing the Rs5000 currency note. “The SBP strongly denies that any proposal to discontinue Rs5000 currency note has been forwarded by the SBP," the central bank's spokesperson said in ...
PIA official Muhammad Ashraf sets a new example of honesty at Heathrow Airport
13 Nov, 2019
LONDON: A Pakistan International Airlines (PIA) official Muhammad Ashraf sets a new example of honesty onboard flight. Ashraf at Heathrow airport returned Rs6 million saving certificates to a Pakistani passenger who was travelling from London to Islamabad. Muhammad Ashraf was travelling from ...
In a surprise, Federal government significantly cuts the profit rates on National Saving Schemes
6 Nov, 2019
ISLAMABAD - In a surprise, Federal government significantly cuts the profit rates on National Saving Schemes. The government has reduced the profit rates on various National Savings’ schemes, effective from November 1, 2019. According to a directive issued by the Central Directorate of ...
