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Wednesday, December 22, 2010
Banks in #pakistan to register lowered profits
Misallocations of resources by the pakistani govt and its military establishment, towards supporting Islamic Terrorist activities around the world forces it to borrow heavily from its banks which in turn force the banks to raise lending rates to the common citizens of pakistan, deterring people from taking loans in the first place, thereby causing losses or lowered profit to banks operating in the Islamic Republic of pakistan.