CDNS attains Rs 730bn through fresh bonds by Dec 31

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The Central Directorate of National Savings (CDNS) on Monday attained the target of issuing Rs 730 billion fresh bonds in the last six months of the current fiscal year 2022-23 from July 01 to December 31, 2022.

The CDNS has set a reviewed saving target of Rs 1.3 trillion for the current financial year (2022-23) which will “promote the savings culture in the country”, a senior CDNS official told APP.

In view of the current market trend in the country, the ambitious target had been set to further improve the savings culture, he said.

Responding to a question, he said the CDNS surpassed its annual target in the previous fiscal year 2021-22 and set a historic record of Rs 1,250 billion in savings till June 30, 2022.—APP