Government urged to increase profile rate on savings - Press Release issued by Union of Small and Medium Enterprises.

Karachi -- July 06, 2020 (PPI-OT)

Following is the text of press release issued by Union of Small and Medium Enterprises (UNISAME)

Quote

The Union of Small and Medium Enterprises (UNISAME) on behalf of the senior citizens, pensioners, widows and family of martyrs have urged Dr Abdul Hafeez Shaikh adviser on finance to the prime minister (PM) Imran Khan to increase the profit rate on deposits in Behbood savings and other certificates and also double the investment limit in Behbood certificate to make it 10 million instead of present limit of rupees 5 million only.

President UNISAME Zulfikar Thaver said in view of the depreciation of rupee and corresponding inflation, high cost of living and medical expenses due to old age, the senior citizens are finding it very difficult to survive and meet the expenses. Thaver reminded the adviser on finance that Pakistan is a welfare state and under constitutional obligation to look after the comfort of its senior citizens, widows, disabled and the families of its martyrs.

He appreciated the fact that the government recently increased hardly few fraction of a point but after...