July 27, 2024

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Pakistan Revenue

Tag: CDNS

National Savings: Rules notified for identification of customers, beneficial owners
Oct 21
Finance

National Savings: Rules notified for identification of customers, beneficial owners

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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National Savings raises profit rates
Jul 2
Finance

National Savings raises profit rates

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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Rules drafted for issuance of saving securities for NRI Pakistanis
Apr 12
Finance

Rules drafted for issuance of saving securities for NRI Pakistanis

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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Investors of saving schemes to explain source of income
Dec 23
Finance

Investors of saving schemes to explain source of income

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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Profit rates on saving schemes reduced
Nov 6
Finance

Profit rates on saving schemes reduced

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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National Savings to issue registered prize bonds in all denominations
Jun 11
Budget, Money & Banking

National Savings to issue registered prize bonds in all denominations

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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