ISLAMABAD: The Central Directorate of National Savings has achieved a net target of Rs 255 billion by the end of the fiscal year 2024–25, covering the period from July 1 to June 30.
A senior official from the directorate shared the update on Monday told APP that for the current fiscal year 2024–25, the directorate set a net annual target of Rs 106 billion, which it has achieved. The official said this achievement supports efforts to promote a savings culture in the country.
The directorate also set a target of Rs 140 billion in investments through Islamic finance for the year, aiming to support the growth of the Islamic economy.
In the previous fiscal year 2022–23, the directorate achieved Rs 1.6 trillion in fresh bond investments, surpassing the target of Rs 1.3 trillion. This was an increase of Rs 200 billion over the previous year’s goal.
For the financial year 2021–22, the directorate had revised its savings target to Rs 1.4 trillion, reflecting current market trends and aiming to further support the savings culture.
For the financial year 2023–24, the directorate set a target of Rs 1.7 trillion and reported achieving over 100 percent of this goal. The official said this result is encouraging and shows continued growth in national savings.
The official also said that the directorate is working on institutional reforms and introducing new systems and services. Automated Teller Machines have been launched to improve user access and convenience.
Additionally, the directorate set a target of Rs 75 billion for Islamic finance bonds in the financial year 2023–24.
