Jun 26

Rs260 billion to be documented through withdrawal of Rs40,000 bearer bonds in first phase

KARACHI: The government will document an amount of Rs260 billion in first phase by withdrawing Rs40,000 denomination bonds. The government has announced to stop circulation of high denomination bearer bonds in order to curb the black economy. Till February 2019 the central directorate of national savings issued Rs259.22 billion bonds of Rs40,000. On Jane 24, […]

by Mrs. Anjum Shahnawaz

Senior citizens allowed investment in national savings on expired CNICs

Apr 17

Finance

Senior citizens allowed investment in national savings on expired CNICs

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).

by Faisal Shahnawaz