- Certificate of special saving certificate now 10.9% after a reduction of 30 bps.
- Retirees benefit and Behbood certificates report 13.44% after revision.
- Islamic savings rates are lowered by 10 BPS in the midst of declining market yields.
The Central Directorate of National Economies (CDNS) has revised downward profits rates through various savings regimes supported by the government, with reductions reaching up to 100 basic points in a broader context of market interest rates, The news reported.
According to figures shared by Topline Securities on Wednesday, the most steep reduction was the basic savings account rate, which dropped from 100 base points to 9.5%.
The rate of the special savings certificate was reduced by 30 base points to 10.9%, while the defense savings certificate experienced a reduction of 21 base points, bringing its return to 11.91%.
The rates on other popular instruments, including the regular income certificate and the retiree service account, were garnished with 18 and 24 base points, respectively. The regular income certificate now reports 11.52% and retirees benefit from 13.44%.
The government has also reduced yields on the Behbood savings certificate and the Shuhada family well -being account – both reserved for the elderly and martyrs’ families – by 24 base points each at 13.44%.
Meanwhile, profit rates on Islamic products such as the Sarwa Islamic Term account and the SARWA Islamic Savings Account have been reduced by 10.34%.
The CDNS is the largest financial institution in Pakistan, managing assets exceeding 3.4 billions of rupees and serving more than four million customers thanks to a national network of 376 branches across the country, administered by 12 regional administrators. It plays an essential role in helping the government to finance its budgetary deficits and support the main infrastructure projects.
These changes in profit yields come after the SBP MPC decision to reduce its key interest rate of 100 basis at 11% earlier this month, exceeding expectations, in response to an improvement in inflation prospects and to protect the country’s economy against high American tariffs and geopolitical tensions.
Pakistan inflation fell just 0.3% in annual shift (Yoy) in April 2025 – a historic hollow – against 17.3% in the same month of last year and 0.7% in March, according to data published by Pakistan Bureau of Statistics (PBS). The sharp decline was mainly motivated by large reductions in food and energy prices.
On a monthly basis (MOM), the consumer price index (IPC) dropped by 0.8% in April, reversing an increase of 0.9% observed in March.