CDNS achieve Rs 740b through fresh bonds

ISLAMABAD: The Central Directorate of National Savings (CDNS) on Tuesday achieved the target of issuing Rs 740 billion in fresh bonds in the current fiscal year 2022-23 from July 01 to January 8, 2023.
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.
For the first time in its history, CDNS crossed Rs 1,000 billion in fresh deposits and achieved the target of Rs 1,250 billion by June 30, 2022. –Agencies