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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 07 Apr 2026 22:55:05 +0500</pubDate>
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      <title>Government cuts profit rates on National Savings Schemes</title>
      <link>https://english.aaj.tv/news/330392617/government-cuts-profit-rates-on-national-savings-schemes</link>
      <description>&lt;p&gt;&lt;strong&gt;The government has announced a revision of profit rates for National Savings Schemes, effective December 10 (today), resulting in significant reductions across various products, as reported by Arif Habib Ltd.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;The most notable decrease occurred in Savings Accounts, where the profit rate was slashed by 250 basis points, dropping from 16% to 13.5%. Regular Income profit rates experienced a smaller reduction of 10 basis points, now standing at 12.1%.&lt;/p&gt;
&lt;p&gt;For Islamic products, the profit rates for Serwa Islamic Savings Accounts and Serwa Islamic Term Accounts were lowered by 72 basis points to 10.44%.&lt;/p&gt;
&lt;p&gt;Such rate adjustments are part of broader changes in economic and financial policies, affecting savers who depend on such financial instruments for returns.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The government has announced a revision of profit rates for National Savings Schemes, effective December 10 (today), resulting in significant reductions across various products, as reported by Arif Habib Ltd.</strong></p>
<p>The most notable decrease occurred in Savings Accounts, where the profit rate was slashed by 250 basis points, dropping from 16% to 13.5%. Regular Income profit rates experienced a smaller reduction of 10 basis points, now standing at 12.1%.</p>
<p>For Islamic products, the profit rates for Serwa Islamic Savings Accounts and Serwa Islamic Term Accounts were lowered by 72 basis points to 10.44%.</p>
<p>Such rate adjustments are part of broader changes in economic and financial policies, affecting savers who depend on such financial instruments for returns.</p>
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      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330392617</guid>
      <pubDate>Tue, 10 Dec 2024 22:19:24 +0500</pubDate>
      <author>none@none.com (Web Desk)</author>
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