ANL 22.55 Decreased By ▼ -1.64 (-6.78%)
ASC 14.20 Decreased By ▼ -1.00 (-6.58%)
ASL 21.25 Decreased By ▼ -0.75 (-3.41%)
BOP 8.19 Decreased By ▼ -0.23 (-2.73%)
BYCO 7.85 Decreased By ▼ -0.61 (-7.21%)
FCCL 17.30 Decreased By ▼ -0.10 (-0.57%)
FFBL 23.25 Decreased By ▼ -0.97 (-4%)
FFL 15.78 Decreased By ▼ -1.12 (-6.63%)
FNEL 7.40 Decreased By ▼ -0.75 (-9.2%)
GGGL 19.19 Decreased By ▼ -1.50 (-7.25%)
GGL 38.24 Decreased By ▼ -3.29 (-7.92%)
HUMNL 5.82 Decreased By ▼ -0.73 (-11.15%)
JSCL 19.05 Decreased By ▼ -1.08 (-5.37%)
KAPCO 36.20 Decreased By ▼ -1.30 (-3.47%)
KEL 3.47 Decreased By ▼ -0.04 (-1.14%)
MDTL 2.66 Decreased By ▼ -0.29 (-9.83%)
MLCF 33.55 Decreased By ▼ -1.50 (-4.28%)
NETSOL 137.00 Decreased By ▼ -7.85 (-5.42%)
PACE 4.90 Decreased By ▼ -1.07 (-17.92%)
PAEL 28.10 Decreased By ▼ -1.99 (-6.61%)
PIBTL 8.81 Decreased By ▼ -0.36 (-3.93%)
POWER 7.33 Decreased By ▼ -0.27 (-3.55%)
PRL 17.90 Decreased By ▼ -1.35 (-7.01%)
PTC 9.75 Decreased By ▼ -0.37 (-3.66%)
SILK 1.45 Decreased By ▼ -0.17 (-10.49%)
SNGP 42.61 Decreased By ▼ -0.89 (-2.05%)
TELE 20.41 Decreased By ▼ -1.59 (-7.23%)
TRG 164.00 Decreased By ▼ -6.50 (-3.81%)
UNITY 31.98 Decreased By ▼ -1.96 (-5.77%)
WTL 2.73 Decreased By ▼ -0.36 (-11.65%)
BR100 4,719 Decreased By ▼ -138.71 (-2.86%)
BR30 22,747 Decreased By ▼ -1118.39 (-4.69%)
KSE100 44,922 Decreased By ▼ -1086.49 (-2.36%)
KSE30 17,730 Decreased By ▼ -448.93 (-2.47%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,374
4724hr
Pakistan Cases
1,230,238
2,33324hr
4.56% positivity
Sindh
452,267
Punjab
424,701
Balochistan
32,796
Islamabad
104,472
KPK
171,874
Pakistan

National Savings obtained Rs 52 billion from fresh schemes by June 2

  • The new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by SBP and en-cashed only by the registered financial institution under the SBP.
07 Jun 2021

ISLAMABAD: Central Directorate of National Savings (CDNS) has received an increased investment of Rs 52 billion by June 2, of this Fiscal Years 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 recently initiated by the institution.

The new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by State Bank of Pakistan (SBP) and en-cashed only by the registered financial institution under the SBP, Senior Official of CDNS told APP here on Monday.

In the last one and a half years, investors have withdrawn Rs 588 billion after the suspension of the said bond by May 31st of current FY 2020-21, he informed.

Replying to another question, he said, “We paid the encashment of Rs148 billion by May 31th of this month to the investors against the suspension of prize bonds of Rs 25,000."

He said the federal government recently suspended the prize bonds of Rs 25,000 and had given a nine-month deadline to investors to en-cash their total savings of Rs 160 billion.

The senior official of CDNS said National Savings has paid Rs 148 billion to their customers in the 5 months and remaining 12 billion out of total Rs 160 billion would also be paid by September 30, 2021, he said.

He informed that the government has already canceled prize bonds of Rs 40,000 and CDNS repaid to the investors the encashment worth of Rs 258 billion in previous FY 2019-20.

The senior official said CDNS has opened new avenues for public and private investment to document the country’s economy and ensure transparency in the financial system.

Replying to another question, he said the CDNS has received a fresh deposit of Rs700 billion in the last 11 months from July 1, to May 31, in the current fiscal year 2020-21.

The CDNS has set Rs249 billion annual collection target collection from July 1 to June 30 for the year 2020-21 as compared to Rs352 billion for the previous year’s 2019-20 to enhance savings and promote saving culture in the country, he said.

The CDNS had set Rs352 billion annual collection target for the year 2019-20 as compared to Rs350 billion for the previous year’s 2018-19, --he said.

Replying to another question on current revision of CDNS certificate profit rates, he said the CDNS has maintained the same interest rate on the savings certificates investment due to the market situation and as per Pakistan Investment Bonds (PIB) policy decision.

He informed that the CDNS interest rates were linked with the policy of PIB, set by State Bank of Pakistan (SBP).

Comments

Comments are closed.