ISLAMABAD: During July 1st, 2014 to February 30, 2015, the Central Directorate of National Savings (CDNS) has achieved Rs238 billion savings against the target of Rs284 billion.
Director General Waqar Ahmad told the media, “People have shown confidence in the National Savings, when deceptive methods and risk factors are involved in different areas of the market for investors.” He said that the current situation does not augur well for investment in property and gold and hence, people preferred investing in CDNS.
He added that trends have shifted from short term to medium and long term investment. It has launched comparatively better schemes for senior citizens and gave them a higher rate, he added. About the future outlook of the CDNS, Ahmad said that in order to strengthen the secondary market of debt instruments, CDNS can offer bonds/certificates through depository as well as stock exchanges.
Some existing instruments can also bet listed as well as transformed into a book entry form through the CDC, he said. He added that a long term paper under the nomenclature of Children Protection Scheme is also under consideration.
