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

[El Sidd]

if IK promises to help them fullfil their dream of great persian empire.

he aims to speak Persian and has communicated such desires in Iran when he went over for state visit

 

[RoadRunner401]

This will now also bring dollar price down and it will also bring inflation down as well.

Dollar price to crash in Pakistan. If you have invested in dollar best time to cash is before May 21 after that it will start to fall and every day you wait you lose. Why?
A. Because high interest rates will restrict PKR supply to buy dollar.
B. High interest rates will give more return than dollar and people will sell this will make dollar price crash
C. High interest rates will restrict people and banks from taking loans and investing in dollar
D. High interest rates will decrease property price and money will flow from dollar to property.
E. More inflow of money from Gulf countries to Pakistan as interest rates there are low.

WHAT? Please stop. dude you couldn't be further from the truth!

 

[newb3e]

he aims to speak Persian and has communicated such desires in Iran when he went over for state visit

Khan na sab karna hai omar keh akhri hisay may! lakin jo karna hai bas woh naai ho paa raha us say

 

[El Sidd]

Khan na sab karna hai omar keh akhri hisay may! lakin jo karna hai bas woh naai ho paa raha us say

doston ki maslihat hogi or kiya.. ameer dost pareshan hojaenge. ghareeb dost to hai nahi uske.

 

[CrazyZ]

Higher interest rates are needed... unfortunately. It will reduce inflation, encourage savings, and assist the decline of the PKR. It may slow down growth....has to be seen how much. Few Pakistani take loans to buy homes or for other consumption...so may not hurt sales all that much. It would make taking new loans for industrial growth difficult.

Needs to be coupled with incentives for FDI. Taxes for any foreign investor that want to set up a factory in Pakistan should be kept very low. PKR decline make our labor much cheaper than other parts of Asia.

 

[nahtanbob]

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.

if the pakistani currency depreciates by 10% it wipes out the delta

 

[Verve]

Is this true?? Only bank will deal with exchange

View attachment 561236

If it's true than our prayers answered!

But why give one week? For people to exchange dollars back to PKR through exchanges?

Looks like fake account

 

[CrazyZ]

if the pakistani currency depreciates by 10% it wipes out the delta

Higher interest rates general boost a currency's value....Not a perfect correlation but close. It should help the decline.

https://www.investopedia.com/video/play/interest-rate-and-currency-value-and-exchange-rate/

 

[nahtanbob]

Higher interest rates general boost a currency's value....Not a perfect correlation but close. It should help the decline.

https://www.investopedia.com/video/play/interest-rate-and-currency-value-and-exchange-rate/

what you say is true. Higher the interest rate the the probability of a stronger currency rises

 

[*Awan*]

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.

I don't understand why state bank is going against wishes and desires of founder of nation
http://www.sbp.org.pk/about/history/h_moments.htm

This will now also bring dollar price down and it will also bring inflation down as well.

Dollar price to crash in Pakistan. If you have invested in dollar best time to cash is before May 21 after that it will start to fall and every day you wait you lose. Why?
A. Because high interest rates will restrict PKR supply to buy dollar.
B. High interest rates will give more return than dollar and people will sell this will make dollar price crash
C. High interest rates will restrict people and banks from taking loans and investing in dollar
D. High interest rates will decrease property price and money will flow from dollar to property.
E. More inflow of money from Gulf countries to Pakistan as interest rates there are low.

This also means that govt will take loans at higher interest rates and to pay them back more taxes on people.

 

[BHarwana]

I don't understand why state bank is going against wishes and desires of founder of nation
http://www.sbp.org.pk/about/history/h_moments.htm



This also means that govt will take loans at higher interest rates and to pay them back more taxes on people.

This country needs saving and reduce spending. That is the core problem at this point.

We have to stabilize economy before making it to move towards growth. There are other macro tools in box which can compensate for high interest rates.

 

[*Awan*]

This country needs saving and reduce spending. That is the core problem at this point.

We have to stabilize economy before making it to move towards growth. There are other macro tools in box which can compensate for high interest rates.

How can there be savings from current income when govt will impose more taxes to return loan to private banks?
Whats make you think people will do there savings in Rs while its nose diving and not in gold or in real estate?

On other hand we want Pakistan to be Jinnah's Pakistan but don't want to follow his words.
Similarly all wise and all knowing God asking us give up interest then what stopping us?

This one move, implementing interest free, inflation free economic system raise our rank in muslim and rest of world.

why not giving humanity 2nd option, if we fail we can return back there is nothing to loose.

 

[Abdussamad]

Similarly all wise and all knowing God asking us give up interest then what stopping us?

What if your god does not exist and all your suffering is in vain?

 

[nahtanbob]

Similarly all wise and all knowing God asking us give up interest then what stopping us?

Interest reflects time value of money
Unless you want to put a complete freeze on the prices of all commodities

 

[*Awan*]

What if your god does not exist and all your suffering is in vain?

2% of population has not right to impose their will on 98%

Interest reflects time value of money
Unless you want to put a complete freeze on the prices of all commodities

Thanks for your valuable input but I think there is some sort of misunderstanding. i am talking about Pakistan, not america. For you your system for us ours.