Karachi: The government has reduced profit rates on most national savings regimes from 15 to 59 base points, as of June 27, 2025, according to data published by National Savings and cited by Topline Securities, The news reported.
The clearest cuts were applied to Islamic products, with the Sarwa Islamic Term account and the Sarwa Islamic savings account reduced by 59 base points to 9.75%, compared to 10.34%.
The profit rates on regular income certificates dropped from 36 bp to 11.16%, while special savings certificates dropped by 30 SBPS – from 10.90%to 10.60%.
Defense economy certificates experienced a modest drop of 15 bp, the reduced rate of 11.91% to 11.76%.
Among the products focused on the elderly, the retirement service account and the Behbood savings certificate were each was reduced by 24 SBPS to 13.2%. The same reduction of 24 SBPS was applied to the wellness account of the Shuhada family, bringing its rate to 13.2%.
Meanwhile, the standard savings account rate remained unchanged at 9.5%.
These changes in profits come after the decision of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to maintain the rate of policy unchanged at 11% last month.
This decision was in line with market expectations given uncertainty surrounding the military strikes of Israel on Iran and their effects on the international raw materials markets.
A Bloomberg The report added that a majority of the 40 analysts interviewed by Bloomberg predicted this decision. Several economists had revised their forecasts to a reduction in a reduction in the days preceding the rate decision.
The change of feeling was motivated by the climbing of tensions between Israel and Iran, which raised fears of a broader conflict in the region rich in energy.
56% of players in the TOPLINE securities election market predict that the SBP would hold its stable policy at 11%.
The same report expects interest rates to decrease and below 10% by the end of December this year.
In March, the central bank temporarily interrupted its softening cycle after lowering the rates of 10 percentage points compared to a record summit of 22% in June 2024. In addition, it delivered another drop of 100 base points in May, which reduced the key interest rate to 11%.
The Central Directorate of National Economies (CDN) 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.