Maryam Nawaz (Daughter of The Nation) Speech - 07-12-2013

miafridi

Prime Minister (20k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.

Correction: I have just come to know that its 8% per year, But still the itnerest rate might not be an issue but it is the thing that i said above is the issue. Of course if one debates about "Sood is Haram" then i totally agree that "Sood is Haram" and should be eradicated at all from our systems.
 
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Nice2MU

President (40k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.

I don't know a lot of details but I think it would be 8% per year not 1% per year. If it were the case, they would give it interest free instead.
 
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xiaahmad

Chief Minister (5k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

Bank interests are always compound interest
 

such bolo

Chief Minister (5k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.

isnt it 8% annual??
I dont think it is 8% for eight years
 

gaozaban

MPA (400+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.


چاہے %0.00001 ہی کیوں نہ ہو، ہے تو سود جو کہ خدا کے ساتھ جنگ ہے (القرآن)۔ یا تو قرآن کی مانو یا پھر شیطان کی۔
 

Inqalabi

Senator (1k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.

Bhai sb aap se ye umeed nahin thi ke aap aise ill informed post karain ge. please read it.

http://tribune.com.pk/story/642478/...f-unemployment-pm-launches-youth-loan-scheme/
 

AhsanAltaf1

Minister (2k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.
its 8% per year , I have confirmed :) , total loan u have to pay is 12 lakhs in 8 years
 

Annie

Moderator
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

The loan will be given on 8 years bases so yearly interest rate would be 1% which ignorable interest. It is not the interest rate that we condemn this loan, but it is their strategy of making the people suffer further after taking the loan. Most of the people might not have professional skills and they may take the loan and may incure big loses in business so they will only be left with huge debts, Making their lives further miserable. NS should instead focus on creating jobs for the youth than giving them loans which can further increase the suffering of many youths. It is not a total fail strategy but it will bring more chaos than good for many people i think.
I never heard that 8% would be divided on 8 years so it will be 1% per year interest. Never seen a lender like that any where:13:. I think it is 8% per year and the first year is interest free if I am not wrong.:(
 

xiaahmad

Chief Minister (5k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

Yes thats how it works
 

Keepinformed

Siasat.pk - Blogger
8% x 8 = 64% on top of principle provided the interest rate is fixed.

2,000,000 PKR plus 1,280,000 pkr interest over 8 years.

You would have pay 32 lakh back in 8 years.

Big question is if this is secured - if its unsecured then its pretty much FREE money for Pakis!

I say dig in and grab your loan!!! You do not need to pay it back anyways if it is not secured.
 
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Hadith

Minister (2k+ posts)
daughter of nation of butt heads... not anyother nation and she setup an example of running away with guard without marriage wahoo what an ideal leader, do not take me wrong she can runaway with anyone she want to but then do not talk about values and eastern values and islamic values etc and get on TV and ask IK forgiveness for what they did to his family then we will look into matter...
 

Nice2MU

President (40k+ posts)
Re: Nawaz Said: Interest Free Loans to Youth (Before Elections April 2013) Vs. 8% Interest on Loan (Nov 2013)

نورے او نورے تیری کون سی کل سیدھی

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ویسے نوروں کے لیے اس دفعہ حکومت کرنا لوھے کے چنے چبانے سے ذیادہ مشکل ھے۔ ایک تو ایک نمبر کے نالائق و نااھل اور بے ایمان دوسری طرف سے عمران و پی ٹی آئی کی اپوزیشن کا ڈر اور کے پی کے میں انکی حکومت۔

پہلے تو زبردستی حکومتوں سے ھٹا دیئے جاتے اس مرتبہ یہ خود حکومت چھوڑ کے بھاگے گے۔
 

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