Pakistan: Govt plans digitalization of Central Directorate of National Savings
新闻台署名 来源：新华社、《黎明报》、《阿拉伯新闻》、阿纳多卢通讯社与《分钟镜报》。由 GSRRA 编辑部翻译并节选。
Forgoing its traditional model of requiring customers to physically visit National Savings Centres, the Central Directorate of National Savings (CDNS) is finally digitizing its operations, says the Pakistan Economic Survey.
The CDNS mobilizes household savings and serves as the retail arm for government-backed savings products, including the National Savings Schemes (NSS), which are aimed at small savers, pensioners, widows and senior citizens.
As of March 31, the NSS portfolio stood at Rs3.6 trillion, equivalent to around 10 percent of the country’s banking deposits and 6.5 percent of Pakistan’s total domestic debt. The CDNS serves about two million households, many of whom have traditionally had to visit savings centres in person to collect profits. They can now receive payments through cheques, ATMs or direct transfers via Raast, eliminating the need for elderly customers to stand in long queues.
The organization has also launched a mobile app. By March 31, around 350,000 debit cards had been issued, while active app users stood at about 90,000. A co-branded credit card, developed in collaboration with the Bank of Punjab, has also been soft-launched.
The move comes at a time when Pakistan is struggling to increase formal savings. National Savings Schemes remain one of the country’s few widely accessible formal savings instruments. Yet most Pakistanis continue to save through informal channels, such as real estate, gold or foreign currency.
According to Ammar Habib Khan, assistant professor of practice at IBA Karachi, savings held in these forms cannot easily be channelled into productive investments in the broader economy.
The problem has been compounded by falling real incomes over the past decade. At the same time, higher taxes have eroded whatever surplus households might otherwise have saved.
Reference Link:- https://www.dawn.com/news/2007192
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
