The net savings reached mobilization through national savings plans (NSS) at 23.33 billion rupees in February, a decrease from 31.16 billion rupees in the previous month, according to data issued by the State Bank in Pakistan (SBP) today.
The decrease reflects the decrease in flows to the main savings tools. While regular income certificates (RIC) attracted 6.63 billion rupees and SSC certificates witnessed 3.51 billion rupees in new investments, DSC certificates (DSC) recorded a net external flow of 1.03 billion rupees, which means that more money was withdrawn from the deposit.
Award bonds added 2.55 billion rupees to the total packaging, while other NSS categories collectively got 11.67 billion rupees, much lower than 16.21 billion rupees registered in January.
Historically, NSS was a major way for individual investors looking for safe returns. However, fluctuations in net receipts indicate a change of the investor’s behavior, and may be affected by the interest rate trends and economic conditions.
