Similarly, the annual profit rate on Sarwa Islamic Saving Accounts and Sarwa Islamic Term Accounts has been raised from 9.50 per cent to 9.92 per cent. On the other hand, the profit rate on Defence Savings Certificates has been reduced by 12 basis points, bringing it down from 11.54 per cent to 11.42 per cent. […]
The decision was taken following the State Bank of Pakistan’s recent policy rate cut by 100 basis points to 12 percent. According to a notification issued by the finance ministry, the profit rate on Regular Income Certificates has been reduced to 11.88 percent from 12 percent annually. The rates for short-term certificates have also been […]