Decent earning
April 20, 2021
This refers to the letter ‘Low profits’ (April 18) by Sana Iqbal. I strongly agree with the views of the writer. The only hope in such difficult times for senior citizens with no post-retirement pension facility is Behbood saving certificates where profits are slightly higher than offered in other National Savings schemes. The State Bank of Pakistan (SBP) has drastically reduced interest rates.
The relevant authorities are requested to increase the rate of profit so senior citizens can earn a decent monthly amount to make ends meet. The PTI-led government should also fulfil its commitment to increase the rate of EOBI pension from Rs8,500 to Rs15,000.
Low profits
April 18, 2021
A majority of people in Pakistan, especially retired senior citizens, have invested their savings in National Savings schemes. Previously, certificate holders used to receive sufficient profits. Now, the authorities have reduced the profit rate. For many people, the profits received on savings are their only source of income.
Many people choose this organisation because of its credibility. One of the oldest organisations, National Savings has attracted a large number of investors. The authorities concerned should listen to the pleas of their loyal investors and see if they can increase the rate of profits.
Sana Iqbal