National Savings


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National Savings

The proportion of public and private savings as a percentage of national income. In simple economic models, the national savings is assumed to be the same as national investment, which is the total amount spent on securities and similar investment vehicles. That is, anything not spent by consumers or the government is assumed to be saved. A high national savings rate indicates lower levels of debt, which is positive. However, in an economy driven by consumer spending, a high savings rate may indicate uncertainty or lack of consumption, which can lead to a slowdown or a recession. That is, low or negative national savings usually indicates excessive borrowing, spending, or both. On the other hand, high national savings may result in slower economic growth, as persons, companies and the government are saving instead of purchasing goods and services.
References in periodicals archive ?
In addition to this with the approval of Departmental Promotion Committee and Appointing Authority / Finance Secretary 7 grade 17 National Savings Officers have been promoted to grade 18 as Assistant Directors which include Muhammad Saeed, Zafar Rasheed, Muhammad Arshad, Syed Imran Ali Naqvi, Asif Mehmood, Pervez Akhtar and Syed Ali Muttaqi Naqvi.
LAHORE -- There have been news items and queries from the press on the slow growth rate in the National Savings investments during the first half of CFY 2017-18.
The sources said present government under ambit of National Savings had taken steps to attract more investment in National Savings Schemes and to facilitate investors and these included launch of non-financial version of Mobile Application i.
The other steps included mobile application enabled National Savings to view up-to-date Certificate and Account Balances, access productwise investment details, get SMS and email alerts on any transactions in accounts/certificates, view transactional history and account statements, search draw results of prize bonds and save prize bond numbers for future draws.
ISLAMABAD -- National Savings in a press release here on Thursday clarified that there have been no across the board withdrawals in National Savings Schemes (NSS) as mentioned in some sections of the press.
The app will help National Savings investors by enabling them to view up-to-date certificate and account balance, access product-wise investment details, get SMS and email alerts on any transactions in the accounts/certificates, view transaction history and account statements, search draw results of prize bonds and save prize bond numbers for future draws.
National Savings (NS) has always been part of discussions and debates in drawing rooms and on streets.
Talking to a private news channel, Director General of Central Directorate of National Savings Zafar Masud said that spade work to launch the Shariah-complaint products have been completed and the Ministry of Finance has already given green signal, whereby an appointment of Dar Al Sharia Islamic Finance Consultancy has been made to work as Sharia Advisor.
Finance Minister Senator Mohammad Ishaq Dar here on Thursday chaired a meeting to review the performance and other matters related to National Savings.
TAKAUD, the MENA region's specialist provider of savings, investment and pension solutions, has launched Tawfeer, the Bahrain National Savings Plan, which is comprised of national bonds issued by the Kingdom of Bahrain.
The Central Directorate of National Savings (CDNS) achieved Rs 110 billion in last months of second quarter of current fiscal year from July 01 to December 31, 2016-17.
ISLAMABAD -- The Central Directorate of National Savings (CDNS) collected Rs 214 billion against the revised target of Rs 218 billion by June 10, during the current fiscal year (2015-16).

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