KPK Assembly Passes Bill Against Interest Based Money Lending

Khyber Pakhtunkhwa (KPK) assembly passes bill against interest on private money lending in the province.

The Khyber Pakhtunkhwa assembly has passed a bill to make the province interest free. The bill prohibits charging interest on private loans.

The bill also have put heavy penalty for those who violate this law of charging interest on private loans. The punishments for the violators consist of imprisonment form 3-5 years and fine of Rs. 500,000.

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