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

newb3e said:
see IK such a nice person cute handsome and magnanimous!

gandapurs honey is too strong for teens these days.
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well you can just say ghabrana nahi hai and give them falakka
 
BHarwana said:
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
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Gold price rose due to price rise in international market as well as continuous exchange rate fluctuations in local market - investors are buying gold to hedge it against any abnormal loss due to exchange rate differences, thus supply and demand has made its price to rise up.
As I earlier wrote, it's good only for a short period. Who will not want to earn profit at risk free rate of 12.25% per annum or 3.0625% per quater? You have to note that the investors (foreigners) will want their returns in dollars, and how will you pay them at maturity when you are already short of dollars?
Furthermore, it will force local investors to put their savings in banks rather than used them to expand their businesses nor they will be able to borrow loans at such high interest rates of 11.89% (SBP interbank rate) in already critical financial condition.
 
Hareeb said:
Gold price rose due to price rise in international market as well as continuous exchange rate fluctuations in local market - investors are buying gold to hedge it against any abnormal loss due to exchange rate differences, thus supply and demand has made its price to rise up.
As I earlier wrote, it's good only for a short period. Who will not want to earn profit at risk free rate of 12.25% per annum or 3.0625% per quater? You have to note that the investors (foreigners) will want their returns in dollars, and how will you pay them at maturity when you are already short of dollars?
Furthermore, it will force local investors to put their savings in banks rather than used them to expand their businesses nor they will be able to borrow loans at such high interest rates of 11.89% (SBP interbank rate) in already critical financial condition.
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My friend people are investing in dollar rather than business it will force locals to invest in bank rather than business and thus reducing dollar price and reducing inflation. Plus high interest rates also bring down inflation it is rule of macro economic. So control on inflation is needed at the moment. Every coin has two sides please look at both.
 
Retired Troll said:
people who have recently migrated from being above poverty line to below poverty line are definitely crying
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Many more will fall below that line before things will start to get better, didn't Dr. Hafeez estimate the numbers not that long ago?
 
VCheng said:
Many more will fall below that line before things will start to get better, didn't Dr. Hafeez estimate the numbers not that long ago?
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ofcourse the great economic doctor of Zardari did claim that. he is so sadiq and ameen
 

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