Pak NSB to be launched today
Monday, 11 January 2010
ISLAMABAD, Jan 10 (Busines Recorder): Minister for Finance Shaukat Tarin would be launching National Savings Bonds (NSB) here Monday. The ceremony would be held at the Committee Room, 4th floor, Q Block, Pak Secretariat, where the minister would highlight the salient features of the instruments of the bonds, with special reference to creating finances for the country.
National Savings Bonds are a very reliable way of investment which people have easy access to, financial experts said. This is not like savings done using other banking institutes that are run separately from the government. Its securities come in the fact that it is a government run-organisation, which makes public money safe and accounted for, they added.
They further said the government uses these savings from its locals to finance for public spending unlike private banks, which use the money to regenerate profit, which is shared among its shareholders.
National Savings Bonds are a very reliable way of investment which people have easy access to, financial experts said. This is not like savings done using other banking institutes that are run separately from the government. Its securities come in the fact that it is a government run-organisation, which makes public money safe and accounted for, they added.
They further said the government uses these savings from its locals to finance for public spending unlike private banks, which use the money to regenerate profit, which is shared among its shareholders.