President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has expressed concern over reduction in profit of National Saving Schemes will hit poor pensioners and widows who are finding it extremely difficult to live under merciless double-digit inflation.
He noted that there are a lot of people who have no other safe option but to invest in NSS to make both ends meet and now the reduction in profits will divert some capital to the stock exchange which is highly risky.
He said that interests of the poor and vulnerable should not be overlooked while important decisions are made.
He asked the government to shield vulnerable from decisions to reduce expenses and increase revenue.
Mian Zahid Hussain said that the elderly should not be squeezed for the sake of revenue generation aimed at economic stability.
Copyright Business Recorder, 2019