PID

PR No.03 WORLD SAVINGS DAY CELEBRATED TO PROMOTE SAVINGS CULTURE IN PAKISTAN Islamabad

On the occasion of World Savings Day 2016, Finance Minister Senator Ishaq Dar gave a message to encourage national savings as an investment for future prosperity and better standard of living of all segments of the society. Ministry of Finance through the Central Directorate of National Savings (CDNS) celebrated the World Savings day in Islamabad.

Rana Muhammad Afzal Khan, Parliamentary Secretary for Finance delivered the message of the Finance Minister and addressed the officials and partner organizations of National Savings Organization on the occasion of World Savings Day.

Finance Minister Dar in his message said “National Savings Organization is playing an important role in providing risk free saving and investment opportunities for the low income segments of the country. It offers a variety of schemes to suit the needs of savers, including Senior Citizens, Pensioners and Widows to cater for endowments, retirement plans, and insurance policies. The social impact and contribution of National Savings Organization is indeed phenomenal towards sustainable economic status of citizens.”

Rana Afzal quoted the Finance Minister saying the government is improving governance and technology interface of National Savings Organization, the main custodian with almost 1/3rd of total banking deposits of the nation and the PML (N) government has reduced the savings to investment gap from Rs 241 billion in FY 2012-13 to Rs 180 billion in the FY 2015-16. He conveyed best wishes of the Finance Minister to National Savings and its worthy employees for all the success in their future endeavors to strengthen the National Savings Organizations.

Special Secretary Finance and DG National Savings also spoke on the occasion.

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