ISLAMABAD: The Central Directorate of National Savings (CDNS) has fetched Rs.60 billion during the first quarter of current fiscal year against Rs.44 billion during the same period of previous year 2013.

The CDNS has collected Rs.36 billion in month of July and August 2014 against Rs.31 billion in same months of 2013, depicting an increase of 20%,said spokesman and policy expert of CDNS Ghafoor Baloch told APP on Thursday.

Replying to a question, he said the CDNS set the Rs.220 billions annual target for the current year of 2014, while Rs.65 billion separate target also set for price bond.

Similarly during the financial year 2011-12 a saving of Rs.187,685.00 million were made against the target of Rs.146,000.00 million and 128 percent target was achieved, he added.

Replying to another questions, he said that the ongoing sit-ins staged by Pakistan Awami Tehreek (PAT) and Pakistan Tehreek-i-Insaf (PTI) in red zone of the Federal Capital is negatively affecting the national economy and prevailing situation halting investments in various fields.

He said the stock exchange witnessed a bearish trend in the current week, which also had a negative impact on the economy.

“We have decided to computerize 80 branches out of 140 across the country to facilitate the customers,” he added.

Replying to another question,he said a customer complaint center was established to facilitate the customers and provide them services in short time.

He added that successful Launch of Government’s first ever listed tradable bond “NSB” which has strengthened the secondary market of debt securities and establishment of “Bond Management Unit” for management and launching of secondary market bonds.

Regarding the Future outlook of the CDNS ,he said that in order to strengthen the secondary market of debt instruments CDNS can offer Bonds/Certificates through depository as well stock exchanges.

He further said that a long Term Paper under the nomenclature of Children Protection Scheme is also under consideration.

Replying to another question, he said that the CDNS has also proposed launching of Shariah Compliant Security in domestic market as products has great appetite.

He said that the proposal to launch registered prize bond with offering coupon as well as prize is also under consideration.

Print Friendly, PDF & Email