Pakistan slashes profit rates on National Savings’ certificates

-
National Savings Certificates Pakistan revise profit rate

ISLAMABAD: The Pakistan government has slashed profit rates for various national savings schemes, ARY News reported.

According to a notification issued by the finance ministry, the profit rate on Regular Income Certificates has been reduced to 15 per cent from 15.12 per cent. Likewise, the return on National Saving Certificates has been scaled down to 16 per cent from 16.40%.

Similarly, the profit rate on short-term certificates has been reduced to 20.34 per cent from 20.80 per cent.

Read more: Govt raises profit rate on national savings’ Sarwa certificates

However, the rate of return on Defense Saving Certificates has been reduced to 14.22 per cent from 14.41 per cent.

The returns on Behbood Savings, Pension Benefit Account and Shuhada Family Welfare Account remain unchanged at 16.08 per cent.

In September, the federal government raised the profit rate on national savings’ Sarwa Islamic certificates with effect from September 5, 2023.



from ARY NEWS https://ift.tt/gW85qi6

Comments

Post a Comment

Popular posts from this blog

Areej Mohyudin, Zara Hayat Khan’s funny reel goes viral!

-
Image
Showbiz starlets Areej Mohyudin and Zara Hayat Khan recorded a funny reel together, which is going viral on social media. Watch ARY News live on  live.arynews.tv Taking to their respective Instagram handles with a joint post on Friday afternoon, actors Areej Mohyudin and Zara Hayat Khan entertained their thousands of followers with a new reel, probably from the sets of their upcoming project. “-we all have that one friend who can never talk quietly and spill beans all over the place or even get caught every single time in class because they can’t whisper, guess I have always been that one,” confessed the ‘Bandish 2’ actor in the caption of the video, which aptly captured the struggles of every individual, who has a loud friend.   View this post on Instagram   A post shared by Areej Mohyudin (@areej_mohyudin) The now-viral video was played by more than 78,000 users of the social platform on their accounts, while a number of t...
Read more

Judge finds staffer committed rape in Australian parliament

-
Image
SYDNEY: An Australian judge ruled Monday that a conservative political staffer likely committed rape in parliament, a dramatic twist in a case that sparked national protests. The judge threw out a defamation suit brought by the former staffer, Bruce Lehrmann, against Network 10 television after it broadcast an interview with his alleged victim, Brittany Higgins. Federal Court Justice Michael Lee made his finding on the balance of probabilities, as required in civil cases. In a criminal case, a conviction must be proven beyond reasonable doubt. “Mr Lehrmann raped Ms Higgins. I hasten to stress; this is a finding on the balance of probabilities,” the judge said. “Mr Lehrmann remains a man who has not been convicted of any offence, but he has now been found, by the civil standard of proof, to have engaged in a great wrong,” Lee said. Higgins has alleged that Lehrmann raped her on a couch inside the national parliamentary office of a government minister following a night of heavy dri...
Read more

Nine additional judges of LHC take oath

-
Image
Chief Justice Lahore High Court (LHC) Miss Aalia Neelum on Monday administered oath to nine new additional judges, ARY News reported.  As per details, Mr. Hassan Nawaz Makhdoom, Advocate Supreme Court, Malik Waqar Haider Awan, Advocate Supreme Court, Sardar Akbar Ali, Advocate Supreme Court, Syed Ahsan Raza Kazmi, Advocate Supreme Court, Malik Javid Iqbal Wains, Advocate Supreme Court, Mr. Muhammad Jawad Zafar, Advocate Supreme Court, Mr. Khalid Ishaq, Advocate Supreme Court, Malik Muhammad Awais Khalid, Advocate Supreme Court and Chaudhry Sultan Mahmood, Advocate Supreme Court, were administered oath as additional judges of LHC. The ceremony was attended by the sitting judges of the LHC, officers, lawyers and the families of the newly appointed judges. Read more: Ten Additional Judges of Peshawar High Court take oath The appointment of aforesaid judges was finalised in a meeting of the Judicial Commission of Pakistan held on February 6. The Commission unanimously decided tha...
Read more