Pakistan reduces profit rates on National Savings schemes ...palestine

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Pakistan reduces profit rates on National Savings schemes
The government has reduced profit rates on National Savings schemes, the Ministry of Finance said in a notification Tuesday. The profit on Shuhada Family Welfare Accounts and Pensioners Benefit Accounts has been reduced to 11.04% from 11.52%, according to the notification. The government has reduced the profit on Regular Income Certificates by Rs600 to Rs7,200. Short-term Savings Certificates worth Rs500,000 have their profit slashed by Rs500, the notification read. People having these certificates will now get Rs36,500. Special Savings Accounts will yield 9% profit, instead of 9.2%. The yearly profit on Defence Savings Certificates will remain the same. The new profit rates

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