Dar asks CDNS to launch innovative schemes to attract more savings

ISLAMABAD, Sept 24 (INP): Federal Minister for Finance Senator Muhammad Ishaq Dar here Wednesday chaired a meeting to review overall working and functioning of Central Directorate of National Savings.

Additional Secretary Finance (Budget) Dr. Shujaat Ali, briefed the meeting about the status of different schemes and the profit offered on them. He also dilated in detail about the challenges faced by the Directorate of National Savings.

The Finance Minister asked the CDNS to make its schemes more competitive and said that customer facilitation should be ensured. He further said the CDNS should come up with innovative schemes to attract more and more savings. During the course of the meeting, it was also decided that automation in different offices of the CDNS may be carried out on fast track basis.

The meeting decided that fixation of NSS (national saving schemes) rates may be reviewed bi-monthly in line with the provisions of the monetary policy. Further, decision was also taken that CDNS may submit proposal to the Ministry regarding payment of profit to customers through their bank accounts.

Besides the Finance Minister, Secretary Finance, Dr. Waqar Masood, Advisor Finance Division, Rana Assad Amin and DG CDNS, Saeed Ahmed Rana also attended the meeting.


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