Function of NSO
Core Objectives
o Generation of pool of funds for country
o Provide secure system of Borrowing
o Promotion of savings
o Mobilization of idle savings
o Motivation towards savings
o Provide assistance to SBP
o Establishment of a savings Banks


Generation of pool of funds for country:
The basic function of this organization is to generate the pool of funds from the nation by a trusted and ensured govt. body.

Promotion of savings:
The main and basic purpose of national savings was to collect the small amounts of savings from lower class & middle class of the society of Pakistan. Because the amounts of savings in this segment of people are very low so they often try to avoid the investment of this amount. National saving’s prime purpose
was to create confidence among these people and collect their small savings through its savings schemes.
Mobilization of idle savings:
Mobilization of idle savings is necessary for the economic development of any country. So Pakistan is trying to do so through national savings, as said earlier, and to reinvest them in the required or desired segment/sector of economy.

Motivation towards savings:
The objective of national savings was to create motivations towards savings among people of Pakistan. Now it is trying well for this objective. People are concentrating toward the schemes of national savings. National savings also, launched many schemes for the attainment of this purpose like prize bonds, certificates etc.

Provide assistance to SBP:
The other objective was to provide assistance to stat bank of Pakistan in controlling the quantity of money in the country. Because suppose in inflationary Conditions. SBP has to launch securities and it feels difficulties to do so in the absence of national savings.

Establishment of a savings Banks:
The last objective was to establish the savings bank in the country, which has performed all saving function. No doubt other commercial banks were doing and trying their best to act as savings bank but the speed of advancement was not satisfactory and people were not considering them.

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