Pakistani Rupee (PKR) Replaces US Dollar (USD) for Trade in Gwadar Free Zones
In the Gwadar Free Zones, all companies can now conduct trade with Pakistan’s mainland markets using Pakistani currency instead of US dollars, as outlined in the federal budget for 2024-25. This change aims to shield both sides from fluctuations in the dollar.
In the Gwadar North Free Zone, two export-oriented companies, Agven (a fertilizer exporter) and Hangeng (an agricultural industrial park), have begun operations. Additionally, plans are underway for a lubrication oil company and a textile firm to establish factories, promising to generate tens of thousands of job opportunities for local residents.
