Well, it will be really a NIGHTMARE for all of us till this law is being implemented by Q.C.B.
.
Even if this idea fails but still till that day all those seeking financial help from May will suffer alot. Financial Institutes will also hit hard too as the policy & procedure will completely be changed after this law
.
Moreover, personal financial help from individuals will flourish and they will charge higher too coz they will not be abiding by QCB law. None of us will approach financial institutes instead will be looking for such individuals who can lend money by taking PDC. Money Laundery will increase too.
Well, it will be really a NIGHTMARE for all of us till this law is being implemented by Q.C.B.
.
Even if this idea fails but still till that day all those seeking financial help from May will suffer alot. Financial Institutes will also hit hard too as the policy & procedure will completely be changed after this law
.
Moreover, personal financial help from individuals will flourish and they will charge higher too coz they will not be abiding by QCB law. None of us will approach financial institutes instead will be looking for such individuals who can lend money by taking PDC. Money Laundery will increase too.