We propose a kind of square porous-core photonic crystal fiber (PCF) for polarization-maintaining terahertz (THz) wave guidance. An asymmetry is introduced by implementing rectangular array air holes in the porous core of the PCF, and ultrahigh birefringence and low effective material loss (EML) can be achieved simultaneously. The properties of THz wave propagation are analyzed numerically in detail. The numerical results indicate that the proposed fiber offers a high birefringence of 0.063 and a low EML of 0.081 cm-1 at 1 THz. Moreover, a very low flattened dispersion profile is observed over a wide frequency domain of 0.85-1.9 THz. The zero flattened dispersion can be controlled. It is predicted that this PCF would be used potentially in polarization maintaining and dispersion management of THz waves.