In Islamabad, there has been a reduction in the interest rates for various national savings schemes. The Department of National Savings has recently disclosed revised rates for these schemes.
As per the latest announcement from the Central Directorate of National Savings, the interest rate on savings certificates has been lowered significantly, dropping from 40% to 16%.
Furthermore, the rate of return on regular income certificates has experienced a 12% reduction, resulting in a new rate of 15%. The Directorate of National Savings has also confirmed a decrease in the rate of return on defense certificates, now standing at 14.22%, down from the previous 19%.
