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Friday March 29, 2024

Savings centres

April 08, 2020

During these days of lockdown, the National Saving Centers remain shut. This is causing inconvenience to its small investors. They are facing a financial crunch due to non-payment of their profits on maturity. Most of them are old age, retired personnel/pensioners who are facing hardships. They are dependent on profit payments to meet their expenses.

Therefore, the Ministry of Finance should issue a directive to the Central Directorate of National Saving to open these centers. The State Bank of Pakistan authorities should also take a notice of it to make sure these centers should be functional as other financial institutions.

Dr Alfred Charles

Karachi