8.

1 NATIONAL SAVING
(Outstanding
SCHEME

A.

Accounts (i,ii / 1 to 5 )
(i) National Saving Centres
(ii) Post Offices
1.
Saving Accounts
2.
Khas Deposit Accounts
3.
Mahana Amdani Accounts
4.
Special Saving Accounts (Old)
5.
Special Saving Accounts

1992

1993

1994

1995

1996

28,338.6
21,841.3
6,497.3
5,599.2
9,973.8
851.7
0.8
11,913.1

23,262.0
15,055.5
8,206.5
5,209.3
1,349.6
1,052.2
0.8
15,650.1

34,778.2
26,489.8
8,288.4
15,786.3
986.5
1,261.6
0.8
16,743.0

36,715.6
26,314.2
10,401.4
15,640.3
763.6
1,466.9

43,557.4
31967.5
11,589.9
20,312.9
588.6
1,671.8

18,844.8

20,984.1

110,635.3
75,982.7
6,607.6
28,045.0
47,504.9
4,220.5
13,012.8
0.6
43,011.4
2,885.2

121,059.1
85,787.6
8,018.7
27,252.8
52,994.7
3,632.6
1,139.3
0.5
58,450.6
3,721.1
1,120.4

141,932.6
101,497.0
10,149.3
30,286.4
64,364.6
2,997.9
800.8
0.5
64,101.2
4,303.3
5,364.3

174,104.3
122,103.2
15,684.6
36,316.5
85,019.4
2,192.9
612.9
0.5
71,524.1
5,367.3
9,387.3

209,336.2
146,532.6
18,837.4
43,966.2
105,162.9
1,086.7
458.6
0.5
83,868.7
4,639.5
14,119.4

34,612.6
14.9
25.3
3,421.8
3,485.3
11,216.3
16,449.0

39,258.9
14.9
25.3
3,472.2
3,811.0
12,675.6
19,259.8

44,694.2
14.9
25.3
3,723.5
4,154.2
14,555.7
22,220.5

51,000.4
14.9
25.3
3,643.4
4,004.2
14,446.8
21,846.8

B.

Certificates (i,ii,iii /6 to 12)

(i) National Saving Centres
(ii) Post Offices
(iii) Banks
6.
Defence Saving Certificates
7.
National Deposit Certificates
8.
Khas Deposit Certificates
9.
Premium Saving Certificates
10. Special Saving Certificates (Registered)
11. Special Saving Certificates (Bearer)
12. Regular Income Certificates

C.

Prize Bonds (13 to 27) *

13. Rs.
5/=
14. Rs.
10/=
15. Rs.
50/=
16. Rs.
100/=
17. Rs.
500/=
18. Rs.
1,000/=
19. Rs.
5,000/=
20. Rs.
10,000/=
21. Rs.
25,000/=
22. Rs.
200/=
23. Rs.
750/=
24. Rs.
1,500/=
25. Rs.
7,500/=
26. Rs.
15,000/=
27. Rs.
40,000/=

29,707.1
14.9
25.3
3,201.3
3,091.9
9,758.7
13,615.0

TOTAL ( A+B+C )

168,681.0

Notes : 1.
2.
3.
4.
5.

3,040.0
3,978.9

178,933.7

215,969.7

255,514.1

National Saving Centres started sales of Savings Certificates from 1971-72

Khas Deposit Certificates and National Deposit Certificates were introduced in 1972-73 and discontinued w.e.f. 4-2-1990
Khas Deposit Accounts were introduced in 1974-75 and discontinued w.e.f. 4-2-1990
National Saving Centres started receiving Saving Deposit Accounts in 1974-75
Premium Saving Certificates were introduced from 1979-80 and discontinued from 1-7-1983

76

303,894.0

SCHEMES
Amount)

( End June: Million Rupees )

1997

1998

1999

2000R

2001 P

SCHEME

41,891.1
29,368.5
12,522.6
14,724.0
511.8
1,821.2

37,821.9
23,783.2
14,038.6
8,024.7
486.7
1,869.3

45,964.4
28,647.8
17,316.6
10,321.3
436.2
1,885.8

51,193.7
30,841.8
20,351.9
10,124.6
397.5
1,899.7

24,834.1

27,441.2

33,321.05

38,771.9

269,892.6
191,476.3
22,606.2
55,810.0
136,568.2
233.17
355.09
0.5
98,771.2
3,372.9
30591.5

374,981.2
270,177.1
27,918.2
76,886.0
168,840.2
132.1
340.35
0.5
118,965.9
1,702.3
85,000.1

496,435.2
353,890.9
36,005.5
106,538.8
207,190.0
83.4
320.0
0.5
143,922.6
819.3
144,099.5

582,608.2
410,132.2
43,679.1
128,796.9
248,401.8
57.2
307.1
0.5
163,318.4
312.0
170,211.1

60,547.1
14.9
25.3
3,671.0
4,458.4
15,456.8
24,899.9

71,058.0
14.9
25.3
3,141.1
4,917.2
17,033.3
26,979.7

81,183.7
14.9
25.3
49.4
5,605.4
18,013.1
24,922.7

81,151.4
14.9
25.3
41.2
121.0
(190.5)
3.4
32.9

91,542.4 C. Prize Bonds (13 to 27) *

14.9
13. Rs.
5/=
25.3
14. Rs.
10/=
23.8
15. Rs.
50/=
80.1
16. Rs.
100/=
(160.4)
17. Rs.
500/=
91.5
18. Rs.
1,000/=
14.0
19. Rs.
5000/=

6,070.8
5,949.9

9,711.3
9,235.2

10,773.5
12,577.6
9,201.8

(520.2)
(1,276.1)
7,013.6
13,695.3
18,021.3
13,187.0
15,637.9
15,344.4

262.5
16.3
8,517.2
16,468.0
19,737.6
14,284.8
16,522.2
15,644.6

372,330.8

483,861.1

623,583.3

714,753.3

758,074.7

49,730.1 A. Accounts (i,ii / 1 to 5)

26,738.5
(i) National Saving Centres
22,991.6
(ii) Post Offices
7,454.2
1.
Saving Accounts
360.7
2.
Khas Deposit Accounts
1,944.0
3.
Mahana Amdani Accounts
4.
Special Saving Accounts (Old)
39,971.2
5.
Special Saving Accounts
616,802.2 B. Certificates (i,ii,iii / 6 to 12)
438,320.2
(i) National Saving Centres
47,574.6
(ii) Post Offices
130,907.4
(iii) Banks
264,648.0
6.
Defence Saving Certificates
40.8
7.
National Deposit Certificates
294.8
8.
Khas Deposit Certificates
0.5
9.
Premium Saving Certificates
172,661.8
10. Special Saving Certificates (Registered)
507.3
11. Special Saving Certificates (Bearer)
178,649.1
12. Regular Income Certificates

20.
21.
22.
23.
24.
25.
26.
27.

Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.

10,000/=
25,000/=
200/=
750/=
1,500/=
7,500/=
15,000/=
40,000/=

TOTAL ( A+B+C )

6. Mahana Saving Accounts and Special Saving Accounts were introduced from March 1983
7. Special Saving Certificates (Registered and Bearer) and Special Saving Accounts were introduced w.e.f. 4-2-1990
8. Regular Income Certificates were introduced w.e.f. 2-2-1993
9. Prize Bonds of Rs. 25,000 , Rs. 10,000 and Rs.5000 were introduced w.e.f. 15-11-1995 ,15-12-1995 and 1-8-1998 respectively
10. Date of introduction of new denominations : Rs.15,000 (1-10-1999 ) , Rs. 750 (15-10-1999 ) , Rs.7,500 (1-11-1999)
Rs. 1,500 ( 15-11-1999 ) , Rs.40,000 ( 1-12-1999 ) , Rs.200 (15-12-1999 )
11. Totals may not tally due to separate rounding off
Source : Central Directorate of National Saving
* : State Bank of Pakistan

77

8.2 OWNERSHIP CLASSIFICATION OF THE FEDERAL

GOVERNMENT DEBT
(Million Rupees)
HELD BY
AS ON

DEBT

30TH JUNE

State Bank

Deposit

Other

Inter-

Foreign

Intera-

of

Money

Financial

national

Governments

Governmental

Pakistan

Banks

Institutions

Institutions

& Banks

Others

Debt

1975

59,102

9,273

5,415

489

6,250

31,607

6,068

1,062

1976

74,148

12,053

8,080

744

6,977

39,751

6,543

1,362

1977

86,279

15,529

9,479

1,015

7,956

45,623

6,677

1,538

1978

97,965

16,112

12,678

1,166

10,324

49,111

8,574

1,686

1979

117,354

24,342

14,450

1,449

11,503

56,480

9,130

1,848

1980

127,492

25,269

19,000

1,666

12,477

58,261

10,819

2,277

1981

134,012

25,740

19,457

2,514

13,800

60,124

12,377

2,456

1982

177,828

34,756

20,812

3,162

19,407

81,765

17,926

2,662

1983

198,582

27,127

25,928

4,007

28,100

82,626

30,794

2,921

1984

227,792

35,598

23,152

4,327

33,529

87,711

43,475

2,935

1985

284,085

54,704

30,292

4,103

41,555

98,600

54,831

3,897

1986

360,388

59,827

38,979

5,055

49,647

117,354

89,526

4,125

1987

412,276

55,694

45,597

8,630

57,326

129,704

115,325

5,298

1988

492,236

81,957

63,281

9,194

69,786

137,958

130,060

3,130

1989

581,192

90,038

61,037

10,527

92,533

161,125

165,932

3,647

1990

674,248

110,774

51,177

10,593

108,635

189,017

204,052

4,243

1991

776,582

119,846

83,354

14,810

137,985

197,018

223,569

4,994

1992

902,827

158,354

134,375

14,067

158,382

216,851

220,798

10,630

1993

1,058,682

183,054

170,871

18,996

199,434

246,606

239,721

13,976

1994

1,219,863

173,256

233,912

39,466

241,135

282,756

249,338

10,316

1995

14,005.47

197,097

239,046

42,922

249,938

350,145

321,399

15,882

1996

1,573,338

217,060

277,146

44,853

295,800

362,358

376,121

19,180

1997

1,863,329

272,265

310,632

51,643

435,030

378,078

415,681

22,369

1998

2,094,051

236,909

351,173

54,974

536,930

397,454

516,611

23,565

1999

2,463,031

358,320

321,688

56,272

630,551

471,486

624,714

29,539

2000

2,790,632

540,169

242,548

48,461

656,157

517,293

786,004

41,939

78

8.3 FEDERAL GOVERNMENT'S PERMANENT

DEBT OUTSTANDING
( End June: Million Rupees )
SECURITY
3.00 % 1971 (Permanent)

1996

1997

1998

1999

2000

2001

2,740.0

2,740.0

2,740.0

2,740.0

2,740.0

2,740.0

10.50 % 1995

15.0

10.50 % 1997

5,000.0

5,000.0

11.25 % 1998

422.0

422.0

9.2

0.7

0.7

0.7

11.50 % 1999

1,193.3

1,193.3

1,193.3

11.50 % 2000

790.9

790.9

790.9

790.9

3.9

1.3

11.75 % 2001

8,208.7

8,208.7

8,208.7

8,208.7

8,208.7

10.5

11.75 % 2002

1,078.5

1,078.5

1,078.5

1,078.5

1,078.5

1,078.5

22.3

22.3

22.3

22.3

22.3

22.3

7,826.7

7,826.7

7,826.7

3,131.0

3,131.0

3,131.0

5.00 % Income Tax Bonds

Govt. Bonds ( Public Sector )
Govt. Bonds ( under E.R.O. 1972 )

1.5

1.4

1.4

1.4

1.4

1.4

53.0

52.9

52.9

52.9

52.9

52.9

27.7

27.1

21.8

20.0

20.0

20.0

73.1

73.1

73.1

73.1

73.1

73.1

Govt. Bonds ( Heavy Mechanical Complex )

638.3

638.3

638.3

510.2

510.2

510.2

Govt. Bonds ( Pakistan Engineering Company )

787.4

787.4

787.4

692.3

692.3

692.3

4,957.4

4,957.4

4,957.4

Govt. Bonds ( under Land Reforms 1977 )

Compensation Bonds (Nationalised Banks,
Petroleum, Shipping, Veg.Oil )
Govt. Bonds ( Shah Nawaz Bhutto Sugar Mills )

Govt. Bonds issued at Low Yield Bonds

Govt. Bonds ( Gem Stone Corporation of Pakistan )
Govt. Bonds ( Shahdad Kot Textile )
Special Govt. Bonds issued to SLIC ( original )

24.8

16.5

8.3

116.2

116.2

116.2

77.8

77.8

77.8

7,304.1

6,537.2

6,469.3

6,320.3

4,594.2

2,505.2

2,597.5

3,876.9

4,666.3

12,317.9

11,169.1
0.0

Govt. Bonds issued to SLIC ( Capitalisation )

Reinvestment of Face value of SLIC Bond ( original )

149.0

631.4

Special National Fund Bonds

1.0

1.0

1.0

1.0

1.0

1.0

Govt. Bonds issued to DFIs

365.7

365.7

311.5

243.8

213.3
100.0

Govt. Bonds issued to ADBP

Bearer National Fund Bonds
Federal Investment Bonds
Bearer Federal Investment Bonds
Bearer National Fund Bonds Rollover ( I, II & III )

500.0

400.0

300.0

200.0

10.2

10.1

9.4

8.6

7.2

7.2

165,808.8

156,524.5

146,295.9

138,353.8

135,869.8

113,042.9

0.1

21,670.1

21,670.1

21,670.1

0.2

0.2

0.2

Pakistan Investment Bonds

TOTAL OUTSTANDING DEBT *
*
Note
.

46,122.9
223,788.9

217,184.9

202,649.0

172,492.7

175,452.2

186,539.8

This does not include amount of loans already discharged and outstanding after one year from the date of notice of discharge .
Special US $ Bonds have been reclassified into external liabilities , while FEBC , FCBC and DBC have been classified to external liabilities
payable in Rupees. Based on these changes, the numbers reported in the above table will not match with pervious Annual Reports.

79

8.4 PROVINCIAL GOVERNMENTS' PERMANENT

DEBT OUTSTANDING
( End June: Million Rupees )
SECURITY
Punjab Government Loans

1996

1997

1998

1999

2000

2001

415.4

386.0

355.5

335.4

256.9

256.9

10.75 % 1994

2.0

10.75 % 1996

27.3

10.75 % 1997

50.6

50.6

10.50 % 1998

75.7

75.7

75.7

10.50 % 1999

78.5

78.5

78.5

78.5

15.00 % 2001

75.2

75.2

75.2

75.2

75.2

75.2

16.00 % 2004

106.0

106.0

106.0

106.0

106.0

106.0

75.7

75.7

75.7

17.50 % 2008
Sindh Government Loans

1,723.8

1,723.8

1,708.1

1,708.1

1,653.8

1,653.8

10.75 % 1996

969.5

10.75 % 1997

26.3

26.3

10.50 % 1999

54.3

54.3

54.3

54.3

15.00 % 2001

44.3

44.3

44.3

44.3

44.3

44.3

15.50 % 2002

185.8

185.8

185.8

185.8

185.8

185.8

16.00 % 2003

443.6

443.6

443.6

443.6

443.6

443.6

969.5

969.5

969.5

969.5

969.5

10.6

10.6

10.6

10.6

15.50 % 2006
17.00 % 2007
N.W.F.P. Government Loans

223.7

213.5

187.6

67.6

10.75 % 1996

10.2

10.75 % 1997

25.9

25.9

10.50 % 1998

120.0

120.0

120.0

10.50 % 1999

67.6

67.6

67.6

67.6

Balochistan Government Loans

1,015.2

1,015.2

1,005.2

944.2

889.5

889.5

10.75 % 1996

481.1

10.75 % 1997

14.2

14.2

10.50 % 1998

61.5

61.5

61.5

0.5

10.50 % 1999

54.2

54.2

54.2

54.2

15.00 % 2001

38.5

38.6

38.5

38.5

38.5

38.5

15.50 % 2002

40.3

40.3

40.3

40.3

40.3

40.3

16.00 % 2003

325.3

325.3

325.3

325.3

325.3

325.3

481.1

481.1

481.1

481.1

481.1

4.3

4.3

4.3

4.3

15.50 % 2006
17.0 % 2007
Note : Total may not tally due to separate rounding off

80

8.5 DOMESTIC DEBT OUTSTANDING

( Million Rupees )
DEBT INSTRUMENT

30-06-98

30-06-99

30-06-2000

30-06-2001p Change during

2000-2001

A.

PERMANENT DEBT

277,140

256,928

259,597

281,077

21,478

1. Market Loans

17,454

16,071

15,028

6,827

(8,201)

2. Federal Government Bonds

10,231

10,099

9,923

9,785

(139)

3. Income Tax Bonds

22

22

22

22

4. Government Bonds ( L.R.-1977 )

53

53

53

53

5. Special Government Bonds For SLIC (Original )

6,469

6,320

4,594

2,505

(2,089)

6. Special Government Bonds For SLIC (Capitalisation )

3,877

4,815

12,949

11,169

(1,780)

21,670

143,538

135,596

133,112

113,013

(20,099)

2,758

2,758

2,758

30

(2,728)

7. Bearer National Fund Bonds ( BNFB )

8. BNFB ( Roll Over )
9. Special National Fund Bonds
10. Federal Investment Bonds (Auction )
11. Federal Investment Bonds ( TAP )
12. Pakistan Investment Bonds (PIBs)

B.

46,123

46,123

13. Prize Bonds

71,058

81,184

81,151

91,542

10,391

FLOATING DEBT

473,850

561,590

647,428

737,776

90,347

1. Adhoc Treasury Bills

61,524

90,048

90,074

125,302

35,227

2. 6 Months Treasury Bills (Auction )

25,453

3. 6 Months Treasury Bills ( SBP )

34,500

13

13

13

13

5. Short Term Federal Bonds (STFBs)

105,340

6. STFBs for Replenishment

247,020

7. Market Treasury Bills (MTBs)

141,841

90,009

104,097

14,088

8. MTBs for Replenishment

329,688

467,332

508,364

41,032

425,244

557,389

652,922

689,679

36,757

168,840

207,190

248,402

264,648

16,246

2. National Deposit Certificates / Accounts

132

83

57

41

(16)

3. Khas Deposit Certificates / Accounts

827

756

705

655

(50)

148,109

178,063

202,402

213,140

10,738
8,438

4. Treasury Bills (3 Months)

C.

UNFUNDED DEBT
1. Defence Saving Certificates

4. Special Saving Certificates (Reg. / Bearer) &Accounts

5. Regular Income Certificates

85,000

144,100

170,211

178,649

6. Mahana Amdani Accounts

1,869

1,886

1,900

1,944

44

7. Saving Accounts

8,025

10,321

10,125

7,454

(2,671)

12,441

14,989

19,120

23,148

4,028

1,176,234

1,375,907

1,559,947

1,708,533

148,583

8. Postal Life Insurance

TOTAL ( A+B+C )

P
Provisional
Note Special US $ Bonds have been reclassified into external liabilities , while FEBC , FCBC and DBC have been classified to external liabilities
. payable in Rupees. Based on these changes, the numbers reported in the above table will not match with pervious Annual Reports.

81