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I AM a senior citizen who has seen 85 summers. I am also the holder of Bahbood Savings Scheme certificates, which I purchased about a year ago.
However, I regret to say that the profit that I am paid on these certificates works out to be around 7.8 per cent before taxes.
I want to ask the authorities how they expect this rate of profit to better the life of a pensioner who is aged 85 plus.
I request the finance minister to direct the National Savings Directorate to increase the profit rates for senior citizens on savings schemes.
Lala Fazal Ahmed Belaee
Karachi
Published in Dawn, March 17th, 2018
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Mar 17, 2018 12:58pm
I endorsed above views, it was 14% previously, and when this corrupt finance Minister Dar came put another 25% TAX on mobile phone card, whole economy are in darkness, both PM made his flats in London and Dar made tower in Dubai with our money, we are running for bread. shame to PMLN Govt.
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Mar 17, 2018 06:10pm
I fully agree with views of the honourable writer.
Senior citizens deserve economic peace which is attainable by state sponsored well fare schemes. This must be the concept when pensioner and bahbood investment schemes were introduced with attractive mark up.
The mark up should have been increased in view of inflation, instead it is now at lowest level.
Could editor be kind enough to write an effective editorial to support account holders of national savings schemes.
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