Savings Mobilized by NSS records net outflow of Rs28bn in October

MG News | December 27, 2023 at 12:23 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 27, 2023 (MLN): The net payments of Savings Mobilized by National Savings Schemes (NSS) stood at Rs28.09 billion in October as compared to payments of Rs12.33bn in the previous month, the latest data issued by the State Bank of Pakistan (SBP) showed today.

Breaking down the figures, the Defence Saving Certificates (DSC) experienced a net outflow of Rs8.12bn in October 2023, indicating that more funds were withdrawn from DSCs than invested during this month.

Similarly, the Regular Income Certificates (RIC) recorded an outflow of Rs13.77bn, and Rs910.85m was withdrawn or redeemed from the Special Savings Certificates (SSC).

Similarly, Rs244.87m was redeemed from Prize Bonds.

Moreover, other savings categories within NSS recorded payments totaling Rs5.05bn.

To note, in the fiscal year 2023, the net outflows from Savings Mobilized by NSS stood at Rs381.87bn, reflecting a consistent trend of net payments from these savings schemes during the year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,846.68 370.24M	-0.81% -1463.60
ALLSHR	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
KMI30	253,007.72 126.35M	-1.06% -2717.47
KMIALLSHR	69,727.55 549.62M	-0.70% -488.73
BKTi	52,178.22 35.92M	-0.12% -62.01
OGTi	35,518.90 13.54M	-0.77% -274.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,740.00	64,610.00 63,260.00	-380.00 -0.59%
BRENT CRUDE	89.13	90.03 86.60	1.41 1.61%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	83.40	84.61 81.27	1.27 1.55%
SUGAR #11 WORLD	16.74	16.75 16.33	0.27 1.64%