ISLAMABAD: Central Directorate of National Savings (CDNS) has achieved Rs 255 billion savings during July 2014 to March 31, 2015 against target of Rs 284 billion.
"People have shown confidence in the National Savings, when deceptive methods and risk factors are involved in different areas of the market for investors," said Director General Waqar Ahmad,while talking to the APP here on Wednesday.
Waqar Ahmad said that CDNS would soon sign an MoU with National Bank of Pakistan (NBP) under National Institute of Facilitation Technologies (NIFT) membership and added that under this facility senior citizen to get their money from NBP under Behbood Saving Certificate.
He said that the current situation does not suitable for investment in property and gold and hence, people preferred investing in CDNS.
"Our institution believes in accountability and transparency methods to prove the confidence of customers."
Ahmad said that trends have shifted from short term to medium and long term investment.
CDNS has launched comparatively better schemes for senior citizens and gave them a higher rate, he added.
Regarding the future outlook of the CDNS, Ahmad said that in order to strengthen the secondary market of debt instruments, CDNS can offer bonds/certificates through depository as well as stock exchanges.
He said that some existing instruments can also bet listed as well as transformed into a book entry form through the CDC.
He said that a long term paper under the nomenclature of Children Protection Scheme is also under consideration.
He said that the CDNS has also proposed launching of Shariah Compliant Security in the domestic market as the product is well received.
The official of the CDNS said that the proposal to launch a registered prize bond with an offering coupon as well as a prize is also under consideration.
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