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ADBP announces

profit rates

LAHORE: The Agricultural Development Bank of Pakistan (ADBP) announced the rates of profit on PLS saving and term deposit accounts for the first half-year (July-December '99) of FY '1999-w2000.

According to an ADBP press release issued here on Wednesday the bank has announced 7.0 percent annum profit on both PLS saving accounts and business deposit accounts.

On PLS term deposit accounts the ADBP has announced profit rates as for three months 09.5 percent, six months 10.0 percent, 12 months 10.5 percent, 24 months 11.0 percent, 36 months 11.5 percent, 48 months 12.0 percent, 60 months and above 12.5 percent per annum.

On PLS notice deposits the bank announced profit at the rate of 5.0 per annum for 7-29 days deposit and 5.8 percent for 30 days and above.ÑAPP