The Central Directorate of National Savings (CDNS) has exceeded expectations by accumulating savings amounting to staggering Rs 1210 billion through the issuance of new bonds in the current fiscal year. A spokesperson for CDNS disclosed to "APP" that from July to April, the organization has surpassed its savings target, marking a significant milestone in financial management. The official further elaborated that this year's savings target witnessed an increase of Rs 200 billion compared to the previous year, reflecting the growing confidence of investors in national savings schemes. As part of ongoing reforms within CDNS, the organization has introduced modern facilities such as ATM services to enhance customer convenience.

In a bid to promote Islamic finance, CDNS has undertaken continuous measures, resulting in savings worth Rs 67 billion through Islamic bonds during the ongoing fiscal year. Setting ambitious goals, CDNS aims to achieve savings amounting to Rs 75 billion through Islamic bonds by the end of the current financial year. This substantial achievement not only underscores the effectiveness of CDNS's financial strategies but also reflects the trust and confidence reposed by the public in national savings schemes, cementing CDNS's position as a key player in the financial landscape of the country.

Credit: Independent News Pakistan