CDNS achieves Rs 43b from new schemes

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Islamabad

Central Directorate of National Savings (CDNS) has received an increased investment of Rs 43 billion by April 20 of this Fiscal Years 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 newly introduced by the institution.

In the last one and a half years, investors have withdrawn Rs 380 billion after the suspension of the said bond, the senior official of CDNS told APP here on Sunday.

He said that new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by State Bank of Pakistan and en-cashed only by the registered financial institution under the SBP.

While replying to another question, he informed, “We paid the encashment of Rs 126 billion by April 20 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 six-month deadline to investors to en-cash their total savings of Rs 160 billion. —APP

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