In March, National Savings Schemes (NSS) saw a welcome boost in net savings, reaching Rs27.74 billion – up from Rs23.33 billion in February, according to the latest figures from the State Bank of Pakistan (SBP).
Looking at the details, the Defence Saving Certificates (DSC) experienced a net outflow of Rs316.05 million last month. This suggests that more people pulled out their investments than put in new ones. However, the Regular Income Certificates (RIC) did quite well, drawing in Rs9.05 billion, and the Special Savings Certificates (SSC) also saw a solid Rs2.94 billion in new investments.
Prize Bonds also enjoyed a boost, with Rs1.88 billion being added to the scheme. Other NSS categories combined to bring in Rs14.18 billion, a notable rise from the Rs11.67 billion recorded in February.
Taking a broader look at the year, fiscal year 2023 ended with a net outflow of Rs381.87 billion from NSS savings, continuing a trend of steady withdrawals throughout the year.
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