Islamabad, Mar 10 2025: The Central Directorate of National Savings (CDNS) has successfully achieved its annual collection target of Rs. 20 billion in Islamic finance investments within the first eight months of the 2024-25 fiscal year (July 1, 2024 – February 28, 2025).
With this milestone reached ahead of schedule, Central Directorate of National Savings CDNS has now revised its target to Rs. 40 billion for the ongoing fiscal year, aiming to accelerate the growth of Islamic finance in Pakistan.
A senior Central Directorate of National Savings CDNS official stated that the issuance of Islamic bonds plays a pivotal role in strengthening Shariah-compliant financial systems, contributing to the overall expansion of the Islamic economy.
During the previous fiscal year (2023-24), the directorate secured Rs. 75 billion through Islamic bonds, demonstrating the increasing demand for interest-free investment instruments.
Highlighting the global influence of Islamic finance, the official emphasized that many leading economies now integrate Islamic banking and finance into their mainstream financial structures.
To align with this global trend, CDNS is implementing institutional reforms to enhance its Islamic savings portfolio. Beyond Islamic finance.
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CDNS has set an ambitious annual target of Rs. 1,650 billion in overall savings for FY 2024-25, aiming to further strengthen the savings culture in Pakistan.
This comes after a record-breaking performance in FY 2023-24, where the institution collected Rs. 1.742 trillion in fresh bonds, surpassing its Rs. 1.7 trillion target.
Similarly, in FY 2022-23, CDNS exceeded its target, securing Rs. 1.6 trillion in fresh bond investments. To enhance efficiency and modernize its operations, CDNS is actively working on automation and digitization initiatives.
These technological advancements will streamline services, improve accessibility, and provide a seamless experience for investors, ensuring that National Savings remains a reliable and innovative financial institution.
