ISLAMABAD: The Central Directorate of National Savings (CDNS) has met the target of Rs 1.742 trillion in fresh bonds and 100 percent of the annual target in the last fiscal year 203-24, from July 1 to June 30.
National savings has set an annual target of Rs 1.742 trillion for 2023-24, it is encouraging that 100 percent of the target has been achieved, a senior CDNS official told APP here on Thursday.
The CDNS surpassed the annual target and achieved the target of Rs 1.6 trillion in new bonds in the fiscal year 2022-23, he said.
He said this is an additional annual target of Rs 200 billion over the target of Rs 1,300 billion for the previous financial year 2021-22.
CDNS has set a revised savings target of Rs 1.4 trillion for the financial year (2021-22) which will promote a savings culture in the country, he said. Considering the current market trend in the country, an ambitious goal has been set to further improve the savings culture, he added.
The official added that the directorate has set a target of Rs 75 billion for the new financial year 2023-24 for Islamic finance bonds. Islamic finance currently has a very important role in the global financial sector and a large part of the economy of many major countries now includes Islamic finance,” he added.
