has been formed to give according to the Minister of Information, 'mature advice' on the external and internal affairs and defence as well as economic problems without superseding the parliament or the government.
The official said that due to the rationalization of CDNS
certificates' rates, the directorate had collected more savings than expected; therefore CDNS
revised its target upward from Rs 224 to 324 billion for FY 2018-19.
The total savings held by the CDNS
stood at Rs 1, 701 billion by May 16, while the directorate had Rs 752 billion by the same date, a year ago, a senior official of the CDNS
told APP here on Monday.
According to notifications seen by Dawn, the CDNS
, working under the ministry of finance, increased the rate of Defence Saving Certificate (DSC) to 12.47pc from 10.03pc.
An official at the CDNS
told The Express Tribune that the ministry revised the rates to ensure that investors were given a fair rate of profit in line with those for the government's long-term security papers like Pakistan Investment Bonds (PIBs) and short-term T-bills.
Director General Zafar Masud said Tuesday, 'Overseas Pakistanis can buy these certificates with $1,000.
For most CDNs
, pricing comes down to three parts: media serving, storage, and transport.
is also considering launching four new investment schemes like registered prize bonds, children protection certificates and Sharia Paper.
- iBEAM, Akamai and Microcast - will use Excite@Home's OC-48 Internet backbone to deliver broadband media like high-quality images, audio and video to consumers with a broadband connection.
is being taken as a fait accompli on political circles in Washington.
The scheme of Rs 40,000 bonds is owned by the CDNS
and is being operated through the SBP, the official said.