Banks’ lenders are facing difficulties
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ISLAMABAD : Due to the government’s decision to increase interest rates, banks’ lenders are facing difficulties, with interest rates on loans, credit cards, and taxes also increasing.
Similarly, the numbers for insurance companies have also been affected, with differences seen in power outages, lawyers, hosting companies, allowances, court cases, business, transfers, and revenue collection.
The expenses for gas and electricity bills have also increased, and the general public is unable to afford check-ups and balances at private hospitals.
Unfortunately, the previous and current government’s trend of multiple increases in medicine prices has made treatment very expensive. The decision-makers sitting in their own businesses are the unlucky ones.
During the era of the coronavirus pandemic, instead of giving small concessions on loans, delaying payments has only resulted in more losses for bank customers, while benefiting the banks themselves.