CDNS Reduces Profit Rates on Saving Certificates Amid Economic Adjustments
ISLAMABAD – The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates across several of its savings products, effective from the last week of June 2025, according to a senior CDNS official.
Updated Profit Rates on Popular Schemes
The profit rate on Defense Saving Certificates has been revised downward from 11.91% to 11.76%, while Special Saving Certificates have seen a larger decrease, dropping from 10.90% to 10.60%.
Similarly, the Shuhada Family Welfare Account has experienced a 20 basis points reduction in its profit offered through Regular Income Certificates.
For investors seeking Shariah-compliant options, the Islamic Saving Account has also seen a notable decrease of 59 basis points, bringing the new rate to 9.75%.
Annual Targets Achieved and Surpassed
Despite the adjusted rates, CDNS has successfully achieved its annual net target of Rs. 255 billion for the fiscal year 2024–25 (from July 1, 2024, to June 30, 2025).
The official further highlighted that the Rs. 106 billion target for the same fiscal year has been fully accomplished, supporting the broader goal of promoting a national savings culture.
Growth in Islamic Finance and Past Performance
CDNS has also focused on expanding Islamic finance, setting a goal of Rs. 140 billion in Shariah-compliant investments during FY 2024–25, aligning with Pakistan’s growing Islamic economic framework.
Reflecting on past achievements:
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In FY 2023–24, CDNS set a target of Rs. 1.7 trillion and surpassed it, achieving over 100% of the goal.
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In FY 2022–23, the organization achieved Rs. 1.6 trillion in fresh bond investments, which was Rs. 200 billion higher than the previous year’s target of Rs. 1.3 trillion.
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For FY 2021–22, the revised savings target was set at Rs. 1.4 trillion, also aimed at strengthening the savings ecosystem in Pakistan.
Institutional Reforms and Innovation in Progress
The CDNS is currently undertaking institutional reforms and introducing modern innovations to streamline services and improve investor experience.
The official emphasized that these reforms aim to make CDNS a more efficient and customer-centric institution, while also encouraging long-term financial planning among the public.
✅ Conclusion
While the reduction in profit rates may impact short-term returns, CDNS continues to make significant progress in meeting its targets and expanding savings opportunities—both conventional and Islamic. With ongoing reforms and increased focus on accessibility, the organization is poised to further strengthen Pakistan’s savings culture in the coming years.
