PAKISTAN: The Central Directorate of National Savings (CDNS) of Pakistan is expected to exceed its investment target in Islamic finance for the fiscal year 2024-25. The organization has set a target of PKR170 billion (US$610.41 million) for Islamic finance investments the current fiscal year, which is expected to boost the country’s Islamic economy, the Associated Press of Pakistan reported.
The CDNS previously issued Sukuk to support the Islamic finance system. In the last fiscal year, the organization achieved its target of PKR75 billion (US$269.29 million) through these Sukuk issuances.
