CDNS collects Rs36bn savings in 2 month
ISLAMABAD: The Central Directorate of National Savings (CDNS) has fetched Rs.36 billion savings during the first two-month of first quarter of current fiscal year against Rs.31 billion realized during the same period of previous year 2013.
The CDNS has collected Rs.36 billion savings 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 while talking to APP on Friday. Replying to a question,he said the CDNS set an annual target of Rs.220 billions for the current year of 2014, while Rs.65 billion separate target also fixed for the prize bonds.
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 yet another questions, he said that sitins being 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. He said a customer complaint centers were established in various regions of the country 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 securi- ties 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 added that some existing instruments can also be got listed as well as transformed into book entry form through CDC. 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.-APP KARACHI: President Anjuman-e-Tajiran, Haji Muhammad Siddique Achakzai presenting a shield to well-known social personality Chairman, Memon Khidmat Forum, Haji Masood Parekh on his social services.