SBP advises banks to facilitate senior citizens
AMANULLAH KHAN KARACHI— State Bank of Pakistan has advised all banks including microfinance banks to facilitate opening of bank accounts and provide banking facilities including ATM card, credit card, etc. to the senior citizens/ pensioners without any discrimination. It has been emphasized that senior citizens are an important and priority segment of our society who deserve special and dignified conduct. Banks including microfinance banks have been advised to ensure high level conduct by their employees while dealing with the senior citizens/ pensioners and any violation of SBP instructions would be dealt with in accordance with the relevant provisions of Banking Companies Ordinance, 1962. Sindh’s development outlay proposed by the federal government defies the spirit of fiscal federalism. Commenting on the budget document approved by the National Economic Council yesterday, Rehman said that the provincial allocations made in the document exhibit an alarming bias towards the electoral strongholds of the ruling party. “This is not a “federal” budget. It’s a politically parochial budget. It ignores the needs of Pakistan’s largest tax- paying and revenue generating province,” Rehman said.
“It is a matter of public record that the Sindh Revenue Board surpassed Rs. 49 billion in tax collection this year, with