In September 2026, Pakistan's federal government quietly lowered the returns on its Defence and Behbood Savings Certificates — instruments that have long served as a compact between the state and its most cautious citizens. The reduction reflects a broader recalibration of borrowing costs as economic pressures ease, yet the consequences fall unevenly: for widows and elderly pensioners who depend on monthly certificate income to meet basic needs, a smaller number on a government ledger becomes a smaller meal on a household table. It is a reminder that fiscal policy, however abstract in its arch
Pakistan cuts profit rates on Defence and Behbood savings certificates
Widows and senior citizens relying on Behbood Savings Certificates face reduced monthly income from their savings.