ISLAMABAD: National Savings on Saturday announced hike in benefit on regular income statements and savings accounts, reports ARY NEWS.
According to a fact sheet released today, the percentage rate upgraded to 12.6 percent on regular income statements upon receipt of profit on savings accounts have also was increased by 1.25 percent up to 13.6 percent.
profit on Retirement allowance and savings and special certificates Behbud in National savings will remain no change on 14.16 percent and 13 percent.
07 July State Bank of Pakistan (SBP) on Thursday raised the money policy rate 125 basis points up to 15% for in next six weeks to maintain a balance between inflation and the economic growth.
announcement was made Acting State Bank of Governor of Pakistan (SBP) Murtaza Syed after the meeting of monetary policy Committee.
Murtaza Sayed said that inflation is rising all over the world. world and the recent wave is a witness for in first time in 50 years. Boost Protection in interest rate, the SBP governor said the situation could worsen if interest rate was not robbed up.
He hoped that rate of inflation will remain from 18 to 20 pcs. in in current fiscal year of 2022-23.