State Bank of Pakistan increases interest rates to 12.25%. Shift saving to Pakistan and get more

[Hareeb]

https://twitter.com/x/status/1130429022813466624

UAE interest rates are currently 2.8%
Where as Pakistan it is 12.25%
UK interest rates are currently 0.75%
Where as Pakistan it is 12.25

Now is the good time to move savings to Pakistan and earn more.

A good decision but I fear it will help for short term- only those will invest who want to hedge their risks or want to earn an arbitrage profit, but will hurt the country's economy in long term.

With inflation at 7.19% , investors will start to pile up their profits/retained earnings in banks rather than using it or borrowing bank loans to expand businesses (much needed in this financial crisis) with earning a gross of 5.1% - not taking into account the current depreciation trend of PKR. Inflation will decrease but the economic wheel will slow down as well - shutting down of factories and lose of jobs is possible.

 

[newb3e]

These measures should be debated in the parliament first. The constitution says that steps must always be taken to get rid of interest in Pakistan's financial system as they are considered against Quran and Sunnah.

Hopefully Muslims can go to the Supreme Court or Federal Shariah Court to have this government answer some basic questions regarding Muslim rights in Pakistan.

The great British experiment is failing right in front of our eyes in Pakistan.

parliment lols you wants dakus and lotairas to discuss and implement islamic laws!

and you want awaam ir cockroaches to go to bs courts and demand something acha mazak kar laytay hain!

 

[El Sidd]

parliment lols you wants dakus and lotairas to discuss and implement islamic laws!

and you want awaam ir cockroaches to go to bs courts and demand something acha mazak kar laytay hain!

You do not have any other option. Either its the court or the parliament.

 

[newb3e]

You do not have any other option. Either its the court or the parliament.

chalo winters may dekhay gay abhi toh bhut garmi hai fazul time waste bhi hona hai aur garmi bhi khaye!

 

[El Sidd]

chalo winters may dekhay gay abhi toh bhut garmi hai fazul time waste bhi hona hai aur garmi bhi khaye!

so according to your fatwa garmi me sood halal hai?

 

[newb3e]

so according to your fatwa garmi me sood halal hai?

kia chahtay ho! awaam garmi may bhagwanu keh pass ja keh request karay aur zaleel ho! zaleel he hpma hai na achay weather may ho garmi may lyok zaleel hona hai.

 

[El Sidd]

kia chahtay ho! awaam garmi may bhagwanu keh pass ja keh request karay aur zaleel ho! zaleel he hpma hai na achay weather may ho garmi may lyok zaleel hona hai.

DJ Butt bula lena thori poondi karlena..

 

[newb3e]

DJ Butt bula lena thori poondi karlena..

boss zarori hai! pondi bagyr demand poori nai hooten! soodi nizam keh khilaf ab tarrun kharay hun gay! ya cheez

 

[El Sidd]

boss zarori hai! pondi bagyr demand poori nai hooten! soodi nizam keh khilaf ab tarrun kharay hun gay! ya cheez

D-Chowk Ecstasy party is on again !!

Spread the word

 

[BHarwana]

A good decision but I fear it will help for short term- only those will invest who want to hedge their risks or want to earn an arbitrage profit, but will hurt the country's economy in long term.

With inflation at 7.19% , investors will start to pile up their profits/retained earnings in banks rather than using it or borrowing bank loans to expand businesses (much needed in this financial crisis) with earning a gross of 5.1% - not taking into account the current depreciation trend of PKR. Inflation will decrease but the economic wheel will slow down as well - shutting down of factories and lose of jobs is possible.

Please take a look at stock exchange and gold today both are going up like a rocket money is now moving out of dollar after this decision. Stock exchange up 1215 points gold up pkr700

 

[newb3e]

D-Chowk Ecstasy party is on again !!

Spread the word

its on bro!!
let the party begin!

 

[El Sidd]

its on bro!!
let the party begin!

Best thing is that PM of Pakistan announced to provide containers and food from state treasury to let people protest.

Awesome !!

 

[newb3e]

Best thing is that PM of Pakistan announced to provide containers and food from state treasury to let people protest.

Awesome !!

but its bring your own drugs why would state provide anything?

 

[El Sidd]

but its bring your own drugs why would state provide anything?

because PM announced it on first day of his victory.

and why are you against Gandapur industries?

 

[newb3e]

because PM announced it on first day of his victory.

and why are you against Gandapur industries?

see IK such a nice person cute handsome and magnanimous!

gandapurs honey is too strong for teens these days.