Understanding Foreign Currency Account Options in Pakistan

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Opening a foreign currency account in Pakistan is a great way to manage and hold funds in major currencies like USD, EUR, or GBP. These accounts are offered by most major banks, including HBL, UBL, and Standard Chartered, and are ideal for individuals or businesses engaged in international transactions. Benefits include protection against currency fluctuations, easy transfers abroad, and the ability to earn interest in foreign currencies. However, it’s essential to compare the fees, minimum balance requirements, and interest rates across banks to ensure you choose the best account for your needs.

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