Pakistan revises profit rates across multiple National Savings Schemes while updating withholding tax rates for filers and non-filers.
Pakistan’s government has announced revised profit rates for various National Savings Schemes (NSS), introducing changes that could impact thousands of investors seeking secure returns on their savings.
According to an official notification, the profit rate for Regular Income Certificates has been fixed at 12.24 percent, while Special Savings Accounts will now provide an average return of 12.4 percent. The move reflects the government’s ongoing adjustments to savings instruments in line with prevailing economic and monetary conditions.
The profit rates for Behbood Savings Certificates, Pensioners’ Benefit Accounts, and Shuhada Family Welfare Accounts remain unchanged at 13.20 percent, preserving higher returns for pensioners, widows, and families of martyrs.
Meanwhile, returns on Defence Savings Certificates have been increased across maturities ranging from one to ten years. Short-Term Savings Certificates also received an upward revision, with returns set at 11.4 percent for three-month certificates, 11.66 percent for six-month certificates, and 11.77 percent for one-year certificates.
The government also updated rates for Sarwa Islamic Term Accounts, fixing profits for both one-year and two-year tenures at 11.88 percent.
In addition to revising returns, authorities adjusted the withholding tax structure on National Savings investments. Registered tax filers will continue to pay a 15 percent withholding tax, while the rate for non-filers has been reduced from 35 percent to 30 percent.
A standard Zakat deduction of 2.5 percent will also apply to eligible National Savings Accounts under existing regulations.
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