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Government considers dollar based saving scheme

In this scheme, National Savings will issue dollar based certificates upon depositing Pakistani rupees by citizens and profit will be paid as per dollar exchange rates on maturity.

Governor State Bank of Pakistan thinks that introduction of this scheme will help decrease demand for dollars in the local market as the investors will prefer to invest in the scheme instead of buying dollars from exchange companies.

The scheme is under consideration but the government has not yet given final approval.

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