CDNS attain Rs760bn through fresh bonds by January 25.

The Central Directorate of National Savings (CDNS) on Monday realized the target of issuing Rs 760 billion in fresh bonds in the current fiscal year 2022-23 from July 1 to January 25, 2023.

The CDNS has set a reviewed saving target of Rs 1.3 trillion for the current financial year (2022-23) which will 'promote the savings culture in the country', a senior CDNS official said.

In view of the current market trend in the country, the ambitious target had been set to further improve the savings culture, he said.

Responding to a question, he said the CDNS surpassed its annual target in the previous fiscal year 2021-22 and set a historic record of Rs 1,250 billion in savings till June 30, 2022.

For the first time in its history, CDNS crossed Rs 1,000 billion in fresh deposits and achieved the target of Rs 1,250 billion by June 30, 2022.

He said CDNS had accomplished the target of issuing Rs 1,250 billion in fresh bonds from July 1, 2021, to June 30, 2022. It had set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the previous financial year 2020-21 to promote savings in the country.

The senior official said the CDNS had set a Rs 250 billion annual collection target from July 1 to June 30 for the year...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT