PHOTO: National Savings WebsiteInvestors in Pakistan have been aggressively withdrawing investments from various national saving schemes due to significantly low rates-of-return (RoR) compared to the ones offered by banks on fixed investments. The rate of return has become uncompetitive… it has gone dead.”Additionally, the government also deducts 30% tax on profit from the saving schemes from non-filers, he said. This is the third consecutive year in a row in which investors are pulling capital from saving schemes. The outstanding investment in prize bonds, however, improved to Rs381.5 billion ($2.2 billion) in February 2023, compared to Rs373.4 billion ($2.1 billion) in February 2022. The government is now under pressure to offer more attractive RoRs to savers in order to keep them invested in national saving schemes.

Source: The Express Tribune April 06, 2023 17:53 UTC