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SBP Reforms Forex Policy for Gwadar
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SBP Reforms Forex Policy for Gwadar
The State Bank of Pakistan has introduced key reforms to the foreign exchange framework for Gwadar Free Zones, allowing companies to directly convert Chinese RMB into Pakistani rupees. The move removes the mandatory dollar conversion requirement, significantly reducing transaction costs for businesses operating in the Gwadar South and North Free Zones. Officials said the reform addresses long-standing operational challenges faced by Chinese and …
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