CDNS collects Rs 280 bln through fresh bonds by September 19.

ISLAMABAD -- The Central Directorate of National Savings (CDNS) on Wednesday achieved the target of issuing Rs 280 billion fresh bonds in the current fiscal year 2022-23 from July 1st to September, 19, 2022.

The Central Directorate of National Savings (CDNS) has set a saving target of Rs1.5 trillion for the current financial year (2022-23) which will promote savings culture in the country, the senior official of CDNS told reporter here.

At this time, the current market trend in the country and the ambitious target has been set to further improve the savings culture, he said.

Replying to a question, he said the CDNS surpassed its annual target in previous fiscal year 2021-22 and set a historic record of Rs1,250 billion savings till June 30, 2022. For the first time in its history, CDNS crossed Rs1,000 billion fresh deposits and achieved the target of Rs1,250 billion by June 30, 2022.

He said the CDNS had attained the target of issuing Rs1,250 billion 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 fiscal year 2020-21 to promote savings in the country.

The senior official said the CDNS had set Rs 250 billion annual collection target from July 1 to...

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