Savings mobilisation by NSS increases 19%YoY during Jul-Oct FY20

MG News | December 09, 2019 at 04:31 PM GMT+05:00

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December 9, 2019 (MLN): Savings mobilisation by the National Savings Schemes (NSS) during July-Oct 2019 clocked in at Rs 80.97 billion, 19% higher than the amount of savings mobilised in July- Oct 2018.

According to the latest data released by State Bank of Pakistan (SBP) today, savings mobilised under the NSS in October alone amounted to Rs 95.75 billion, which is 6 times higher than the corresponding figure for the same month of 2018-19.

During the first 4 months of the current fiscal year, most of the incremental mobilisation went into Defence Saving Certificates (Rs 85.99 billion) and Regular Income Certificates (Rs 62 billion). While the investment in other saving schemes recorded at Rs 98.44 billion.

On the contrary, holdings in Prize Bonds and Special Saving Certificates witnessed the withdrawal of Rs 157.46 billion and Rs 8 billion respectively during 4MFY20.

While in the month of October, most of the investment was witnessed in Regular Income Certificates (Rs 36.25 billion).

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