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Tue, Sep

The scope of banking refers to the extent to which it deals with the receipts of deposits and advancing loans. The scope of banking covers all the forms of business coming within the legitimate limits of a banker. The scope of banking can be described with the help of:

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E-Banking means electronic banking. Electronic banking is through computer and associated systems. Electronic banking also refers to the banking done through the computer based devices. In electronic banking the bankers use information technology devices to provide better and efficient services to their clients.

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The article is aimed at addressing serums economic problems of balance of payment deficit and depleting foreign exchange reserves by buying foreign exchange from overseas Pakistani workers rather than accumulating foreign loans on tough terms. Cost of this purchase is far less than the interest paid on foreign loans and.

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