ISLAMABAD: During the first quarter of current fiscal year, the Central Directorate of National Savings (CDNS) has raised Rs60 billion against Rs44 billion during the same period of previous year.
The CDNS has raised Rs36 billion in July and August against Rs31 billion in same months of 2013, representing a heave of 20 percent, said CDNS spokesperson and Ghafoor Baloch.
To a question, he replied that the CDNS set Rs220-billion annual target for 2014, while Rs65 billion was set as a separate target for prize bonds. Similarly, during the financial year 2011-12, Rs187,685 million was saved against the target of Rs146,000 million, he added.
“We have decided to computerise 80 branches out of 140 across the country to facilitate the customers,” he said adding that a customer complaint centre has been established to facilitate customers and provide them services at a quicker pace. Regarding the future outlook of the CDNS, he asserted that the CDNS can offer bonds/certificates through depository as well stock exchanges to fortify the secondary market of debt instruments.
