KARACHI: Government has cut profit rates on National savings certificates in the range of 48 to 90 basis points.

Rate of profit on special savings cut by 90bps to 7.10%.

Rate of profit on regular income cut by 84bps to 7.44%.

Rate of profit on defense cut by 49bps to 8.05%.

Rate of profit on savings account cut by 50bps to 6.50%.

Rate of profit on PBA and Behbood cut by 48 bps to 9.84%.