The Central Directorate of National Savings (CDNS) has secured Rs850 billion in fresh bonds, achieving 51.52% of its annual target for the ongoing fiscal year from July 1 to February 20, 2025. A senior CDNS official stated that the annual target for FY 2024-25 has been set at Rs1.65 trillion to strengthen the country’s savings culture.
Additionally, the directorate has set an investment target of Rs170 billion in Islamic finance for the current fiscal year, aiming to foster growth in the Islamic economic sector. In the previous fiscal year 2023-24, CDNS exceeded its target, securing Rs1.742 trillion in fresh bonds, surpassing 100% of its annual goal.
For FY 2022-23, the CDNS achieved Rs1.6 trillion in fresh bonds, exceeding its target of Rs1.3 trillion for the prior fiscal year 2021-22. The revised savings target for 2021-22 was Rs1.4 trillion, which was introduced to enhance the national savings culture in response to market trends.
Institutional reforms are underway in CDNS, with new initiatives such as the introduction of Automated Teller Machines (ATMs) to improve customer convenience. For FY 2023-24, the directorate had also set a target of Rs75 billion for Islamic finance bonds. The official emphasized the significance of Islamic finance in the global financial landscape, noting that it plays a major role in the economies of several leading nations.
