Updated on
Summary The government has reduced profit rates on National Savings Schemes for the investment.
According to reporst, government had earlier planned to reduce the profit rates on National Savings Schemes (NSS) in October this year, however it (government) decreases the rate in a response to the cut in discount rate by State Bank of Pakistan.The central bank has reduced the discount rate by 1.5 percent of return to investors of National Savings.The reduction in the discount rate made by State Bank of Pakistan has paved the way for a reduction in rates offered to savers by the National Savings Scheme (NSS).
