Pakistan savers' money at risk

PAKISTAN - About 90,000 savers in Pakistan can't get at their money temporarily as the central bank examines a merger in the sector.

The state-run National Bank of Pakistan wants to merge with the loss-making National Development Finance Corporation (NDFC).

The government wants this merger to go ahead, as part of its drive to rationalise and strengthen the country's fragile financial sector.

On 28 August the finance ministry imposed a 180 day moratorium on any transactions at NDFC, which is i

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