Pakistan Revenue
ISLAMABAD: National Savings (AML and CFT) Supervisory Board for National Savings Schemes has issued SRO 956(I)/2020 for identification and verification of customers, beneficial owners of saving schemes. According to the SRO regulations shall be called the National Savings (AML and CFT) Regulations, 2020. The chapter III of the regulations explained the identification and verification of […]
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ISLAMABAD: The Central Directorate of National Savings (CDNS) on Thursday raised profit rates of saving schemes. A statement issued by the CDNS stated that all the profit rates of bearer certificates had been increased. However, profit rates of registered saving certificates have been reduced. As per the decision of the CDNS the profit rates have […]
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ISLAMABAD: The profit rate on saving certificates have been reduced up to 100 basis points due to sharp cut in key policy rate by the State Bank of Pakistan (SBP). The new rate of return on national saving certificates are applicable from June 02, 2020. According to Central Directorate of National Savings (CDNS), the interest […]
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ISLAMABAD: The Finance Division has drafted rules for issuance of scripless saving scheme for Non-Resident Individuals (NRIs) Pakistanis, which will be available in three different tenure securities. The rules shall be called the ‘Overseas Pakistani Saving Bills Rules, 2020.’ The non-resident Pakistanis having national identity cards for overseas Pakistanis, foreigners having Pakistan origin card, members […]
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KARACHI: The investment in registered prize bonds of Rs40,000 denomination have registered phenomenal increase of 213 percent following discontinuation of bearer instruments of same denominations, official data revealed. The investment in premium prize bonds surged to Rs18.37 billion by end of January 2020 as compared with Rs5.86 billion in the same month of the last […]
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ISLAMABAD: Investors of National Saving Schemes (NSS) will explain source of income for their existing investments under ongoing drive of the government to check money laundering and terror financing. The ministry of finance last week issued draft National Savings Schemes (AML and CFT) Rules, 2019 to document the investment and identify links of investments to […]
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KARACHI: The government has reduced the profit rates on saving certificates effect from November 01, 2019. According to notifications issued by Central Directorate of National Savings (CDNS) on Tuesday, the profit rate on Defence Saving Certificate reduced by 2.33 percent to 10.68 percent. The profit rate on Pension Behbood has been slashed by 2.28 percent […]
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KARACHI: The investment in premium prize bonds of Rs40,000 denomination has increased by over 46 percent as the government stopped the circulation of bearer bonds of same denomination and launched campaign to document the economy. According to statistics released by State Bank of Pakistan (SBP) the total investment into premium prize bonds of Rs40,000 denomination […]
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ISLAMABAD: The Central Directorate of National Savings (CDNS) to issue scripless registered prize bonds amongst all denominations with objective to document the economy. Economic Survey 2018/2019 released by the finance ministry of Monday, said that in collaboration with SBP, National Savings is in the process of introduction of registered scripless prize bonds amongst all denominations. […]
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KARACHI: The Central Directorate of National Savings (CDNS) has issued directives to its zonal offices, instructing them to follow the policy outlined by the central bank to facilitate older citizens aged 65 years and above in making investments using expired Computerized National Identity Cards (CNICs).
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