Dec 122017
Bank accounts must for overseas Pakistanis to remit money

Move to prevent money laundering and illegal transfers, says senior state bank official Dubai: The Pakistan government will soon make it mandatory for all expatriates from the country to open bank accounts back home to be able to send remittances, an official has said. The move will curb illegal transfers and money laundering. Pakistan government […]

 Posted by at 8:06 pm
Dec 122017
Saving certificates for overseas Pakistanis to fetch $1200m annually

Associated Press of Pakistan Central Directorate of National Savings (CDNS) has designed a special saving product for Overseas Pakistanis to fetch about US$ 500 million to US$1200 million per year by channelizing their savings held back in their respective resident countries. In this regard the CDNS has designed Overseas Pakistani Saving Certificates (OPSCs), which would […]

 Posted by at 8:00 pm
Jan 022013

The government has revised down the interest rates on the National Savings Schemes (NSS) on investments with effect from January 1, 2013, according to a statement.  According to the announcement made by the Central Directorate of National Savings (CDNS), in response to considerable slash in the discount rate by the State Bank of Pakistan (SBP), […]

 Posted by at 12:48 pm
Nov 062010

By Jawwad Rizvi LAHORE: The National Savings Organisation (NSO) will introduce Automated Teller Machines (ATMs) and a modernised website by next year, the NSO chief said on Friday. “The savers will be able to operate their accounts from anywhere in the world,” said Zafar Sheikh, Director General NSO while speaking at the directors conference. “It […]

 Posted by at 12:46 pm
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