Waheed Mahmood
5M net investment reaches Rs66.5bn
Aamir Abidi
KARACHI: Investment in National Saving Schemes (NSS) saw a jump of 19.1 per cent YoY with an inflow of Rs11.74 billion during November 2010 versus Rs9.88 billion investment in November 2009.
However, net investment in the fiscal year 2010-11 down by 32.4 per cent to record at Rs66.49 billion in 5MFY11 against Rs98.37 billion attracted in same period last year.
Interest in national saving gradually declined mainly due to the reason that government was not offering attractive rate, and other avenues of investments were also available for investors i.e. Engro Rupiya, as per the TFD analyst.
However, NSS rate increased in January 2011 would attract fresh investments. Special Saving Certificates (Reg) attracted Rs15.13 billion in 5MFY11 compared to Rs38.2 inflow was witnessed during 5MFY10. Similarly, Regular Income Certificates attracted net fresh investment of Rs16.77 billion against Rs19.72 billion in identical period last year. Furthermore, prize bonds attracted Rs11.85 billion against Rs13.45 billion in corresponding period last year.
Interest in national saving gradually declined mainly due to the reason that government was not offering attractive rate, and other avenues of investments were also available for investors i.e. Engro Rupiya, as per the TFD analyst.
However, NSS rate increased in January 2011 would attract fresh investments. Special Saving Certificates (Reg) attracted Rs15.13 billion in 5MFY11 compared to Rs38.2 inflow was witnessed during 5MFY10. Similarly, Regular Income Certificates attracted net fresh investment of Rs16.77 billion against Rs19.72 billion in identical period last year. Furthermore, prize bonds attracted Rs11.85 billion against Rs13.45 billion in corresponding period last year.
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