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H&H Exchange Co (Pvt.) Ltd

Analysts reveal that the Pakistan rupee could face additional pressure in the upcoming weeks, in the midst of the country’s chronic foreign currency shortage and speculation of a third currency devaluation. The currency, which has been exposed to growing external financing requirements and lower remittances, reached Rs 119.05 to the dollar last week, ending at Rs 118.70 to the dollar in the open market.
In Pakistan, H&H Exchange Co (Pvt.) Ltd, is one of the prominent exchange company in Pakistan with strong financial and professional expertise of devoted management. With real time online system and a variety of Business providers supported through professionals, performing with the highest level of integrity and ethical behavior, the company has made a remarkable progress and attained a strong credibility in the foreign exchange market of Pakistan. This continuing success is result of professional management, focus on systems and capitalization, research and most significant is responsiveness to every aspect of their client needs. Although State Bank of Pakistan (SBP) presently directed currency exchange companies to maintain records of identification documents of customers for all foreign currency transactions worth $500 or more, in line with similar thresholds in other global jurisdictions. The foreign exchange dealers have mentioned that their daily surplus supply of dollar was approximately $3 million per day until a week ago, when the central bank’s measures were not enforced. Now the supply is now down to only $1 million per day as currency exchange business has shifted to unregistered dealers. It is also revealed that there are almost 30,000 unlicensed currency dealers in the entire country, adding that the majority of buyers and sellers do not want to share their identification and choose to go to unregistered dealers. No doubt, H&H Exchange’s main focus is to develop their performance in the competitive market and customer service as a benchmark for foreign exchange industry. The management tries to transform the company into one of the leading Non Banking Financial Institution, by ensuring sizeable enlargement of Branches/Booth network with an appropriate corporate infra-structure.

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