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| Foreign Exchange |
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| IGI Finex Securities Limited is also an authorized dealer for the Foreign Exchange market. |
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| In this market, brokerage firms execute foreign exchange transactions on behalf of the commercial banks and other institutions. The local exchange market includes spot, forward and swaps transactions. State Bank of Pakistan has relaxed restrictions on Nostro balances for banks and, consequently, the swap market has become an active liquidity management tool for banks. |
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