Wednesday , April 21 2021
Breaking News
Home / Breaking News / CDNS receives Rs29b new investments
CDNS receives Rs29b new investments

CDNS receives Rs29b new investments

ISLAMABAD: Central Directorate of National Savings (CDNS) has received Rs29 billion new investments by February 28, through registered Premium Prize Bonds of Rs40,000 and Rs25000 introduced by the institution.

The CDNS has introduced the new registered Premium Prize Bonds after the termination of both major Prize bonds of Rs40,000 and Rs25000. This initiative documentation of the country’s economy, senior official of CDNS told APP on Thursday.

New registered Premium Prize Bonds of Rs40,000 and Rs25000 were registered by State Bank of Pakistan and en-cashed only by the registered financial institution under the SBP, he said.

He said the federal government recently suspended the prize bonds of Rs25,000 and had given a six-month deadline to investors to en-cash their total savings of Rs160 billion. APP