PM for attractive saving schemes in Pakistan
'Pakistan Times' National News Desk

ISLAMABAD: Caretaker Prime Minister Mohammedmian Soomro on Tuesday directed the National Savings Directorate to make concerted efforts to raise the rate of savings to help in developing a healthy and sustainable economy.

The Prime Minister was talking to the Director General National Savings Zafar M Sheikh here at the Prime Minister Secretariat.

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 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 to be enhanced further after analyzing the response of investors, he added.●