The Central Directorate of National Savings (CDNS) has achieved a target of Rs 515 billion in terms of fresh bonds in the current fiscal year, i-e from July 1 to 15th November September.
The CDNS surpassed the annual target and achieved the target of Rs 1.6 trillion in fresh bonds in the current fiscal year, said a senior official of CDNS on Thursday.
He said this was Rs 200 billion additional annual targets than the target of Rs 1300 billion for the previous financial year 2021-22. “The CDNS has set a reviewed saving target of Rs 1.4 trillion for the current financial year (2021-22) which will promote savings culture in the country,” he said. The CDNS had collected an investment of Rs 16 billion in the month of July 2023-24,through Islamic investment bonds. He added that the directorate has set a target of Rs 75 billion for the new financial year 2023-24 for Islamic finance bonds. He informed that CDNS had reviewed and set a target of Rs 60 billion in the fiscal year (2022-23) for Islamic investment to introduce the new products in the market. “Islamic finance has a very important role in the global financial sector at this time.—INP
