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HBL Allowed Foreign Currency Accounts Gwadar Zone
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HBL Allowed Foreign Currency Accounts Gwadar Zone
The State Bank of Pakistan has permitted Habib Bank Limited to open special foreign currency accounts for companies operating in the Gwadar Free Zone. The approval applies to firms registered in both the South and North Free Zones. Under the new arrangement, foreign and Chinese enterprises can retain a portion of their foreign-currency earnings for trade payments and overseas remittances. The accounts will carry a special identifier to distingui…
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