AGL 5.70 Decreased By ▼ -0.13 (-2.23%)
ANL 9.10 Increased By ▲ 0.07 (0.78%)
AVN 79.16 Increased By ▲ 0.36 (0.46%)
BOP 5.21 Increased By ▲ 0.05 (0.97%)
CNERGY 4.73 Increased By ▲ 0.05 (1.07%)
EFERT 81.11 Increased By ▲ 0.56 (0.7%)
EPCL 50.75 Decreased By ▼ -0.96 (-1.86%)
FCCL 13.52 Decreased By ▼ -0.09 (-0.66%)
FFL 5.76 Decreased By ▼ -0.09 (-1.54%)
FLYNG 7.29 Increased By ▲ 0.17 (2.39%)
FNEL 4.84 Decreased By ▼ -0.01 (-0.21%)
GGGL 8.89 Decreased By ▼ -0.01 (-0.11%)
GGL 15.80 Decreased By ▼ -0.25 (-1.56%)
HUMNL 5.83 Increased By ▲ 0.03 (0.52%)
KEL 2.59 Decreased By ▼ -0.01 (-0.38%)
LOTCHEM 29.80 Decreased By ▼ -0.21 (-0.7%)
MLCF 25.15 Decreased By ▼ -0.25 (-0.98%)
OGDC 72.70 Increased By ▲ 0.55 (0.76%)
PAEL 15.47 Decreased By ▼ -0.02 (-0.13%)
PIBTL 5.13 Increased By ▲ 0.12 (2.4%)
PRL 16.50 Increased By ▲ 0.10 (0.61%)
SILK 1.10 No Change ▼ 0.00 (0%)
TELE 9.55 Decreased By ▼ -0.10 (-1.04%)
TPL 7.33 Increased By ▲ 0.03 (0.41%)
TPLP 19.26 Increased By ▲ 0.03 (0.16%)
TREET 21.84 Decreased By ▼ -0.11 (-0.5%)
TRG 144.10 Decreased By ▼ -0.87 (-0.6%)
UNITY 17.52 Increased By ▲ 0.90 (5.42%)
WAVES 10.00 No Change ▼ 0.00 (0%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 4,258 Increased By 27.9 (0.66%)
BR30 15,841 Increased By 19.2 (0.12%)
KSE100 42,374 Increased By 302.3 (0.72%)
KSE30 15,665 Increased By 161 (1.04%)
Follow us

ISLAMABAD: The Central Directorate of National Savings (CDNS) obtained Rs 500 billion fresh deposits in half yearly of current fiscal year 2021-22 from the month (July 1 to January 14).

The CDNS has 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, a senior official of CDNS told APP here on Monday.

The senior official said the CDNS had set Rs 250 billion annual collection target from July 1 to June 30 for the year 2020-21 as compared to Rs 352 billion for the previous year (2019-20) same time span to enhance savings in the country.

The CDNS had set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year (2018-19), he said.

The CDNS had received an increased investment of Rs 80 billion by June 30 2021, from the newly registered Premium Prize Bond of Rs 40,000 and Rs 25000 by the institution.

During last year (2020-21), investors withdrew Rs 300 billion after the suspension of the said bond. He said new registered Premium Prize Bonds of Rs 40,000 and Rs 25,000 were registered by the State Bank of Pakistan (SBP) and encashed only by the registered financial institutions under the SBP. Replying to a question, he informed, “We paid the encashment of Rs 155 billion by June 30th of this month to the investors against the suspension of prize bonds of Rs 25,000.”

He said the federal government recently withdrew Rs 25,000 prize bonds and had given a six-month deadline to investors to encash their total savings of Rs160 billion.

The senior official of CDNS said National Savings had paid Rs148 billion to its customers in the last six months after withdrawing Rs. 7,500 prize bonds and the remaining Rs five billion out of the total Rs 160 billion would also be paid by October 30, 2021, he said.

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

He said the CDNS had opened new avenues for public and private investment to document the country’s economy and ensure transparency in the financial system.

Comments

Comments are closed.

CDNS obtains Rs500bn fresh deposits

Pakistan receives $500mn from AIIB: finance ministry

PD prepares $496m gas pipeline augmentation plan

Rupee remains stable, settles at 223.95 against US dollar

Hina Rabbani Khar meets interim Afghan government leadership on one-day Kabul trip

Oil jumps on hopes for easing in China’s COVID controls

Islamabad court extends Azam Swati’s remand for 4 days

S&P Global lowers 2023 growth forecast for emerging markets

IMF, govt begin virtual engagement

Dar willing to allow sugar export?

Tax-exempted areas: FBR sets up checkposts to monitor supplies