ISLAMABAD: A report of the Ministry of Finance has recommended that a scheme of compulsory saving or pension plan be introduced for enhancing long-term savings while mobile banking be promoted for reducing the money in circulation. The economic report issued by the Ministry of Finance expressed concerns on the diminishing rate of savings and recommended increase in the rate of returns on savings in the financial industry for boosting development and maintaining a steady pace. The report said new products of life insurance and pension be introduced for promotion of long-term savings.
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Govt for introducing long-term savings schemes…
ISLAMABAD: A report of the Ministry of Finance has recommended that a scheme of compulsory saving or pension plan be introduced for enhancing long-term savings while mobile banking be promoted for reducing the money in circulation….
Perhaps the government should study US Treasury Bills , Notes and Bonds. Then
work out their maturity and interest terms. I would suggest the following for study.
Treasury Bills: 1 – 3 – 5 year terms
Treasury Notes 3 – 5 – 7 year terms
Treasury Bonds 5 – 10 – 15 year terms
The only question that the investor would ask how secure is their money under the
grip of those who wear the stigma of NRO ?
The Interest rates will have to be calculated in a manner that neither the investor nor the financial institutions suffer. All we need is to search the haystacks for those
needles that will help stitch the torn garment(economy)?