Re: Prime Minister announced Business Loan for Youth on 8% interest rate
In the early 1990s, when Nawaz Sharif announced interest free loans for yellow cab scheme, people took loans and went overseas, sold off taxis, or just disappeared in general. 2 banks went bankrupt becuase of that, and National Bank of Pakistan was made to swallow billions in bad loans left behind by those banks.
As much as it hurts me to say this, get ready for more of the same.