Net savings mobilization through Pakistan’s National Savings Schemes (NSS) reached Rs. 53.2 billion in July 2026, marking a strong start to the new fiscal year, according to data released by the Central Directorate of National Savings (CDNS) and compiled by the State Bank of Pakistan.
The July figure was significantly higher than the Rs. 23.6 billion recorded in June 2026, representing an increase of around Rs. 29.7 billion. It also exceeded every monthly NSS mobilization figure recorded during fiscal year 2025-26. In July 2025, the schemes had mobilized Rs. 44.2 billion.
Regular Income Certificates (RICs) recorded the strongest performance among the major named savings instruments, attracting Rs. 11.8 billion in July. This was more than double the Rs. 5 billion recorded in June.
RICs also remained the leading instrument during FY2025-26, generating cumulative net inflows of Rs. 56.8 billion.
Defence Savings Certificates (DSCs) also returned to positive territory, recording a net inflow of Rs. 54 million in July. This marked a turnaround from the Rs. 2.9 billion net outflow recorded in June. However, DSCs ended FY2025-26 with a cumulative net outflow of Rs. 15.1 billion.
Special Savings Certificates (SSCs) attracted Rs. 4.1 billion in July, compared with Rs. 567 million in June. During FY2025-26, SSCs generated Rs. 13.4 billion in net mobilization.
Prize Bonds also recorded improved performance, attracting Rs. 2.9 billion in July compared with Rs. 662 million in June. The instrument generated Rs. 24.2 billion in net mobilization during FY2025-26.
The “Others” category remained the largest contributor to National Savings mobilization. It includes Bahbood Savings Certificates, Pensioners’ Benefit Accounts, Shuhada Family Welfare Accounts and short-term savings accounts.
This category mobilized Rs. 34.3 billion in July, up from Rs. 20.2 billion in June. It also remained the biggest contributor during FY2025-26, generating Rs. 213.2 billion in net savings.
Overall, National Savings Schemes mobilized Rs. 53.2 billion in the first month of FY2026-27, compared with total mobilization of Rs. 292.6 billion throughout FY2025-26.
The strong July performance indicates increased investor participation in government savings instruments and provides a positive start to Pakistan’s new fiscal year.
