motomaverick Posted March 13, 2019 Posted March 13, 2019 (edited) Happened to come across this at DFI and couldn't resist sharing it. Pakistan is issuing a "Pakistan Banao Certificate" Fixed Deposit scheme for expat Pakistanis living in the US and Gulf. Rate of return is 6.25% for 3 years. Mode of repayment is.. wait for it.. US dollars deposited directly in the US bank account of the investor (or local Pakistani currency, which is useless printed crap). Pakistani currency keeps depreciating to the USD by 25% every 3 years. So a Pakistani who converts his $ into PKR today, will have his principal amount decrease by 25% at the end of his FD maturity and then they'll add a garnishing of 6.25% PKR and reconvert it into USD at the prevalent rates 3 years down the line. Basically invest 100$ today, and get 80$ 3 years later. Nice scheme meant for low IQ Pakistanis. Munafa humara, chutiyapa tumhara And this seems to be a hit already: https://www.thenews.com.pk/print/430827-pakistan-banao-certificates-fetch-1mln-in-two-weeks No wonder terrorism is the only profession tailormade for these jaahils. Edited March 13, 2019 by motomaverick maniac, dial_100, sandeep and 4 others 7
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