CDNS receives Rs 29 billion new investments
Federal government recently suspended the prize bonds of Rs 25,000
ISLAMABAD (APP) - Central Directorate of National Savings (CDNS) has received Rs 29 billion new investments by February28, through registered Premium Prize Bonds of Rs 40,000 and Rs 25000 introduced by the institution.
The CDNS has introduced the new registered Premium Prize Bonds after the termination of both major Prize bonds of Rs 40,000 and Rs 25000. This initiative documentation of the country’s economy, senior official of CDNS told APP on Thursday.
New registered Premium Prize Bonds of Rs 40,000 and Rs 25000 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 Rs 25,000 and had given a six-month deadline to investors to en-cash their total savings of Rs 160 billion.
