Pakistan Boosts Savings Scheme Returns Ahead New Fiscal Year

The government has announced increased returns on several national savings schemes as part of a notification issued by the Ministry of Finance. The new rates, effective immediately, apply to various savings instruments including the Special Savings Certificate and Special Savings Account.

Under the revised structure, the annual return for these certificates has been boosted from 12.4% to 13.6%. This means that a certificate worth Rs 100,000 will now yield a profit of Rs 6,200 in the first half-year period and Rs 6,800 by the end of the year.

The Defence Savings Certificate’s annual profit rate has been set at 10%, with returns increasing over a five-year maturity period to reach up to 67% cumulatively. Taxation on profit income remains differentiated, applying 15% tax for filers and 30% for non-filers.

Officials stated that these revisions are designed to improve returns for savers and encourage participation in formal savings instruments amid changing economic conditions.