it has to do every thing with economy sir, look what happend in USA economy went down how many banck close since then.The cost of living is extreamly high, I just talk to my mom in Pakistani karachi and she told me that meat is about Rs. 420/kilo
and electric bill is not less then 12-13 k a month. What I just don't undersant is how local people is surving in this kind a enviroment man? this is extream level of mahngaai meray bhai.
Even people living in USA going to Pakistan for vaction need to think twice to buy anything. I know I got of topic here but OH MY GOD WEHER ARE WE GOING HERE. God help us all!!!!
I think we all control our own financial output and if we put it to good use it will benefit our country ...even if its 1 dollar / transaction
How many times you use your bank card daily .. etc why not benefit a bank that is associated with Pakistan
Also a point to note is that alot of banks are 'regulated heavily' consumers are fully protected
And we have never seen any problem in Pakistani Banking sector
But we see banks in US closing down BIG time ... Citigroup took billions in aid money !!! But Pakistanis are putting cash in Citigroup , its run by Indian guy ....
BANKRUPT BANK running on bank bail out ??? Do we trust it ???
The point I am raising is ......
Even a setup where if Bank charges 0.55 cents per transcation you do, Banks make billions when all charges are added for 200-300 million users.
The irony is that we have numerical power Pakistanis , but we can't translate that into a financial advantage why ??? Because we are always squandring the financial advantage not investing our funds in corporations that benefit Pakistan.
May be ppl should seriously promote this idea in public gathering and raise awareness , sure you get abused in airports or in banks fine
You move your funds and services 80-90% over to Pakistani banks
Your funds are staying in your country of residence but , the daily or weekly transactions benefit your home country simple principle
You---> Use Pakistani Banks --->Bank charges fee -->Goes Pakistan
(Your money stays with you but transaction fee adds up )
Other option
You ->Use local Bank-> You get thrown like rag doll-->0$ to Pakistan
Simple Calculation :
1 City has 300,000 Pakistanis
300,000 give on average 10$ in bank fees per month
$3 Million dollars / month !!! For Pakistan in Transaction fees
Now imagine if you moved your car insurance which you pay banks $200????
300,000 x $200 =
60 Million dollar / Month !!!
Wasn't it 65 million dollars we paid for OHP frigate ???
Its not hard ...
I only showed your normal banking usage , just your groceries and car insurance ...but there are more services ... even mortgages ...
I think I made my point with morgages banks make
200,000 USD / family ....
I think you can get idea of how much money we are losing out ...
The 1 dollar or 5 dollar mosque donation do squat ... you wana make differnce ... start to promote Pakistani Banks ...
Potential !!!! of REVOLUTION
Right now may be 0.01% use pakistani banks .... imagine the potential UNTAPPED
Our numeric strength is our oil boom
We all know Pakistani figures are higher in real life
Saudi Arabia 1,100,000
United Kingdom 1,000,000
United Arab Emirates 880,000
United States 700,000
Canada 300,000
Kuwait 100,000
Oman 85,000
Qatar 52,000
France 50,000
Italy 46,085
Bahrain 45,500
Greece 45,000
Spain 42,100
Netherlands 40,000
Germany 35,080
Norway 30,161
Libya 30,000
Australia 20,000
Denmark 19,250
Ireland 12,500
Japan 12,000
Hong Kong 11,000
Iran 11,500
A simple conciousness in our mind ... can bring the change.. a simple idea
Most have
a) Daily tansaction charges for ATM machines, groceries etc
b) Most send money to Pakistan $25 wasted on Western Union
c) Most Have car insurance $100-$200/month
d) Most have health insurance $300-400 monthly or less or more
e) Most have mortages $1,000/month or more or less , $800 going interest to Bank
g) Most have car loans 100-300/month payments
h) Student loans ??? 300-400$month guarenteed income
i) Pakistani business man with busineses , paying business fees 100-500$/month
j) What if you bought you next flight to Pakistan on
Pakistani Bank Credit card??
and lets add a green flag on that credit card !!
When you add the numbers above muliply that with all the services , you will get a
BIG FAT NUMBER that could go thru Pakistani Banks into Pakistani economy ...
At least 200-300 Billion dollar , by simple change in habbits ....
Raise awareness talk to local Pakistani Banks spend a day with the managers and learn how they operate
Right now 99% of funds Pakistani make never reaches Pakistani economies