ISLAMABAD: The Central Directorate of National Savings (CDNS) generated revenue of Rs101 billion till October 21 during the current fiscal year as against the target of Rs96 billion.
According to a CDNS official, the estimated target of the national savings for the year 2015-16 has been set at Rs 302 billion. Likewise, he said, during the first quarter of current fiscal year the CDNC collected Rs 82 billion as against the proportionate target of Rs.66 billion. The official said the federal government has also started making adjustments in the profit rates on new saving schemes from October 01, 2015. He said the instant revision was made in the backdrop of current market scenario.
