ISLAMABAD (Kashmir English): The government has changed National Savings Scheme (NSS) profit rates on different categories of investments effective from September 17, 2025.
The recent revision indicates the maximum hike of 42 basis points (bps) and 6 bps in three schemes and a minor reduction of 12 bps in one scheme.
- Short-Term Savings Certificates: 10.42% (increased by 6 bps from 10.36%)
- Defence Savings Certificates: 11.42% (decreased by 12 bps from 11.54%)
- Serwa Islamic Saving Account: 9.92% (increased by 42 bps from 9.50%)
- Serwa Islamic Term Account: 9.92% (increased by 42 bps from 9.50%)
- Short-Term Savings Certificates now earn 10.42% (from 10.36%), Defence Savings Certificates at 11.42% (from 11.54%), with both the Serwa Islamic Saving Account and Serwa Islamic Term Account increasing to 9.92% (from 9.50%).
Earlier, the government of Pakistan decided to formulate a mini-budget that would levy new taxes on imported goods, vehicles, cigarettes, and electronic devices to mobilize resources for flood rehabilitation.
The proposal focuses on high-end luxury items and over 1,100 imported items, with revenue to be raised through a federal tax.
If the mini-budget gets approved by Prime Minister Shehbaz Sharif, the action could help fill a growing revenue gap and support recovery efforts, although provincial authorities are currently handling most relief operations.
Finance Minister Muhammad Aurangzeb led a meeting on Tuesday to discuss the proposals, which could be tabled through a Flood Levy Bill. Although the actual rates and items have yet to be finalized, the government is reportedly targeting a generation of at least Rs. 50 billion.
