ISLAMABAD: Caretaker Prime Minister Mohammedmian Soomro directed the National Savings Directorate of Pakistan (NSDP) to make concerted efforts to raise the rate of savings, since it is only through savings that we can develop a healthy and sustainable economy. Talking to the Director General National Savings Zafar M. Sheikh at the Prime Minister Secretariat here on Tuesday, he said that attractive saving schemes be designed to encourage both local and overseas Pakistanis to invest and contribute towards National Savings.
Zafar M. Sheikh apprised the Prime Minister that the Directorate would soon be converted into a corporate entity, which would improve its overall performance. This transition he added will encourage more savings and establish the confidence of the investors.
He further said that National Saving would soon be introducing new schemes and the whole system will be fully automated to facilitate the investors. He said that presently the savings stand at Rs.80 billion which would expand substantially after the organization becomes a corporation. The target of savings for the organization has been fixed at Rs.125 billion initially and to be enhanced further after analyzing the response of investors, he added.-SANA