FESCO issues shutdown programme
CDNS attains Rs 58 billion in Islamic investment bonds
ISLAMABAD, Feb 11 (APP): The Central Directorate of National Savings (CDNS) has secured Rs 58 billion in Islamic finance bonds during the current fiscal year 2023–24 till February 9.
“The National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,” a senior official of the Directorate of National Savings told APP.
The official said that the CDNS had set the target of collection Rs 75 billion from the Islamic finance bonds in the financial year 2023–24.
Some Rs 16 billion were collected through the bonds during July 2023, the first of the ongoing fiscal year, he added.
Replying to a question, he said the CDNS had achieved the target of Rs 60 billion during the last fiscal year (2022–23) from the Islamic bonds, and that was why it aimed to introduce new dimensions in the Islamic finance sector.
“The Islamic finance now has a very important role in the global financial sector. A large part of the economy of many major countries currently includes Islamic finance,” he added.
The official said that work was being done on institutional reforms in the CDNS.
Given the current market trend in the country, an ambitious target had been set to further improve the savings culture, he added.
To another query, the official said that the CDNS had achieved the target of Rs 990 billion in fresh bonds from July 1, 2023 to January 19, 2024 in the current fiscal year.
People busy shopping at Sunday Bazar G-9 in the Federal Capital

ISLAMABAD
Pakistani Community in Beijing joins in Chinese New Year celebration
BEIJING, Feb 11 (APP): As the Chinese people are embracing the Year of Loong (Dragon), the Pakistani community residing in Beijing is enthusiastically participating in the Chinese New Year celebrations, showcasing the strong bond between China and Pakistan.
The streets of Beijing are adorned with red lanterns and festive decorations as locals and foreigners gather to ring in the Lunar New Year. The Pakistani community, known for its rich cultural heritage and close ties with China, is actively engaged in the festivities, adding its unique flair to the traditional celebrations.
Shahid Afraz Khan, a Pakistani expert in Beijing, expressed his joy at being able to partake in the Chinese New Year celebrations.
He said, “This is my eighth Chinese New Year in Beijing, and I am overwhelmed by the warmth and inclusivity of the celebrations. It’s amazing to witness how traditional cultures blend during this festive season.”
The Pakistani Embassy in Beijing is also decorated with lights and traditional lanterns before the Chinese Lunar New Year, also known as the Spring Festival, which began on February 10, as a gesture of goodwill toward the Chinese people.
Zubair Bashir, who has been working in Beijing for five years, said the Pakistani community’s participation in the Chinese New Year celebrations not only adds diversity to the festivities but also showcases the strong bond between Pakistan and China.
The cultural exchange and mutual respect observed during this joyous occasion exemplify the enduring friendship between the two nations, further strengthening the bilateral relationship, CEN reported.
As the Chinese New Year festivities continue, the Pakistani community in Beijing exemplifies the spirit of unity and cultural integration. By embracing and actively participating in the celebrations, they demonstrate their commitment to promoting friendship between the two nations.
APP/asg
Women visiting stall during Faiz Mela at Al-Hamra

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A cobbler is sitting under a tree Polishing a shoes

ISLAMABAD
A large number of people in queue to get free food at F-11

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