Pakistan's CDNS Sets Rs60 Billion Target for Islamic Bonds in FY27
The state savings body aims to expand Shariah-compliant investment offerings as part of its fundraising plan for fiscal year 2026-27
The Central Directorate of National Savings (CDNS) has set a target of Rs60 billion to be mobilized through Islamic finance bonds during fiscal year 2026-27, according to the Associated Press of Pakistan (APP).
The initiative is aimed at further expanding Shariah-compliant investment products available in the country, APP reported, citing the directorate.
CDNS is a government-run agency responsible for administering national savings schemes in Pakistan, offering various savings instruments to the public, including certificates and bonds.
Further details on the specific Islamic bond products, their structure, or the timeline for achieving the target were not immediately available.
Sources
- CDNS aims to mobilize Rs 60bn through Islamic bonds in FY27 — APP (Pakistan)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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