CDNS nears annual goal with strong bond sales

June 24, 2025 (MLN): The Central Directorate of National Savings (CDNS) has accomplished a target of Rs1.5 trillion in fresh bonds and attained 90.91% of the annual target for the ongoing last quarter of the current fiscal year, from July 1 to June 15, 2024-25.

A senior official of CDNS told APP on Monday that the directorate has set an annual target of Rs165tr for the current fiscal year 2024-25, aimed at promoting the country's saving culture.

In addition, the CDNS has set a target of Rs140 billion for investments in Islamic finance during the current fiscal year, contributing to the growth of the Islamic economy in Pakistan.

In response to a question, the official shared that CDNS achieved Rs1.74tr in fresh bonds in the previous fiscal year 2023-24 (from July 1 to June 30), surpassing 100% of the annual target.

National Savings had set an annual target of Rs1.7tr for the fiscal year 2023-24, and the official noted that it was encouraging to have exceeded that target.

In the fiscal year 2022-23, CDNS surpassed its annual target and reached Rs1.6tr in fresh bonds, as CNBC reported.

This performance was Rs200bn higher than the target of Rs1.3tr set for the financial year 2021-22.

The CDNS had revised its saving target to Rs1.4tr for the year 2021-22, aiming to promote a culture of savings in the country.

The target was considered ambitious, based on the prevailing market trends, and was intended to further enhance national savings.

The official also stated that institutional reforms and innovations are underway in the CDNS.

Among these developments, the introduction of Automated Teller Machines (ATMs) within CDNS operations is expected to offer greater convenience to users.

Furthermore, the directorate had set a target of Rs75bn for Islamic finance bonds for the financial year 2023-24.

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