Pakistan, Feb. 1 -- The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National Savings Schemes (NSS) with the decrease going as low as 200 basis points (bps), following the central bank's policy rate cut.

The rate of Savings Account (SA) lowered by 200bps to 11.50% from 13.50%, brokerage house Arif Habib Limited reported.

The changes take effect from January 31, 2025 onward.

The Defence Saving Certificates (DSC) will offer a return of 12.10%, after a decline of 9bps from 12.19%.

The return on Bahbood Savings Certificates (BSC) declined by 24bps to 13.68% from 13.92%.

Similarly, Regular Income Certificates (RIC) will offer an 11.88% return, as compared to 12% earlier, a drop of 12bps...