Government cuts saving schemes profit margin
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According to 24NewsHD, the profit rate on Martyrs Family and Pension Schemes has been brought to 11.04 percent. The Finance Ministry issued a notice saying that the new rates will be applicable from May 19, 2021.
On a regular income certificate of one million rupees, the monthly profit has been reduced by Rs600 and now they would get only Rs7,200 per month.
Reporter: Ashraf Khan