Islamabad: The Central Directorate of National Savings (CNDS) is continuing its institutional reform process with automation and digitization as top priorities.
CDNS reform program, equipped with modern tools to provide better services and shift from manual to innovative information technology (IT) services, has been approved for structural changes in key institutions of economic importance, a senior CNDS official told APP here. on Thursday.
He said the CDNS has plans to launch the World Savings Day reform program as a future game plan to increase the institution’s capacity.
In response to a question, he said the Central Directorate of National Savings (CDNS) had reached the target of $1.515 trillion in new bonds and reached 85 percent of the annual target between July 1 and May 26 of this fiscal year.
National Savings has set an annual target of $1.742 trillion for 2023-24, encouraging that 85 percent of this target has been achieved and National Savings is expected to exceed the annual target in FY2023. 24,” he said.
CDNS has set a savings target of $1.4 trillion for the financial year (2021-22) which will foster a culture of savings in the country, he said.
Officials said institutional reforms are underway in CDNS and new forms and innovations are being introduced. Today, CDNS has introduced automated teller machines (ATMs), which provide enough convenience to users,” he said.
