Pakistan allows all banks to deal in forex

PAKISTAN - Pakistan's central bank on Apr 18 allowed all bank branches to buy and sell foreign currency from the general public.

"The State Bank of Pakistan (SBP) has authorised all bank branches throughout the country to purchase/encash foreign currency notes...,travellers cheques and demand drafts from general public," a bank statement said.

Previously only selected branches of some state-owned banks were allowed to purchase foreign currency from the public.

The statement said all bank branche