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After Pakistan acquired independence in 1947, the organisation continued to operate as NSB, before being renamed to Central Directorate of National Savings (CDNS) in 1953. [4] In August 1960, the CDNS was given the status of an "Attached Department" of the Ministry of Finance and made responsible for all policy matters and execution of various ...
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
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As of Thursday Pakistan had recorded 6,919 confirmed cases of COVID-19, the respiratory disease caused by the novel coronavirus, and 128 deaths. Pakistan central bank slashes growth outlook, cuts ...
This is a list of countries by gross national savings. Gross national saving is derived by deducting final consumption expenditure from Gross national disposable income , and consists of personal saving , plus business saving, plus government saving, but excludes foreign saving.
Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided subcontinent. On 30 December 1948 the British Government's commission distributed the Reserve Bank of India's reserves between Pakistan and India—30 percent (750 M gold) for Pakistan and 70 percent for India.
Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 5.10% APY with no minimums at Patriot Bank, Poppy Bank and other trusted providers ...
In 2007, the Financial Monitoring Unit (FMU) was formed as a department of the State Bank of Pakistan, which is the Central Bank of Pakistan. The FMU was headed by a Director and its reporting entities were the regulated Banking Institutions coming under the ambit of the central bank. [2] After the approval of the Anti-Money Laundering Act ...