The Central Directorate of National Savings (CDNS) has accomplished a target of Rs 600 billion in fresh bonds and achieved 36.36 percent of the annual target for the current fiscal year, from July 1 to December 20th.
The CDNS has set an annual target of Rs 1650 billion for the current Fiscal Year, 2024-25, which will promote the saving culture in the country, the senior official of CDNS told APP on Saturday.
Similarly, the CDNS has set a target of Rs 170 billion in investment in Islamic finance for the Current Fiscal Year, which will lead to the growth of the Islamic economy in the country.
Replying to a question, he said that the CDNS has realized a target of Rs1.742 trillion in fresh bonds and exceeded 100 percent of the annual target in the last fiscal year 2023-24, from July 1 to June 30.
National Savings has set an annual target of Rs 1.7 trillion for the year 2023-24; it is encouraging that this year, “We surpassed the 100 percent of the annual target.”
The CDNS surpassed the annual target and achieved the target of Rs 1.6 trillion in fresh bonds in the previous fiscal year 2022-23, he said.
He said it was an Rs 200 billion additional annual target than the target of Rs 1300 billion for the previous financial year 2021-22.—AAP
