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سیونگ اکاؤنٹس پر انٹرسٹ ریٹ کم کيے بغیر ہم ترقی نہیں کر سکتے - How to Become Developed Country

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سیونگ اکاؤنٹس پر انٹرسٹ ریٹ کم کيے بغیر ہم ترقی نہیں کر سکتے - How to Become Developed Country - Pakistan is one of the country where banks pay highest interest rate on saving account. As the people get very high interest rate on saving account, They do not want to invest money in business. Some of the banks in Pakistan pays more than 10% interest on saving account. That is too much. In USA most of the cases, on CDs you will get interest rate less than 1%. In some cases CDs can pay you more than 1% if you keep the money for long time.

Muslims are not supposed to take interest anyways but in Pakistan they have gone totally opposite of the Islamic laws for interest. As the banks in Pakistan pay high interest rate on saving accounts so people are not interested to invest money in business.

If new business are not opened then new jobs will not be created. The government of Pakistan need to come up with some solid plan to lower the interest rate on saving accounts so people start thinking to invest money in companies and business.

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