State Bank of Pakistan lifts foreign ex quotas

PAKISTAN - Pakistanis travelling abroad are now free to buy as much foreign exchange as required at the interbank exchange rate.

People travelling abroad used to get a fixed quota of foreign exchange from the inter-bank market - they could buy only US$2100 per year for private visits and US$9000 per year for business visits.

The State Bank of Pakistan (SBP) has now allowed other banks to sell as much foreign exchange to people going abroad as is needed.

However, the bank made it clear that befor

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