NIBAF Foreign Trade Practice Questions - NIBAF Foreign Trade Certificate Program Exam

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Under which primary legislation is the regulation of foreign exchange, payments, and currency transactions governed in Pakistan?

Foreign Exchange Regulation Act, 1947 (FERA) State Bank of Pakistan Act, 1956 Banking Companies Ordinance, 1962 Customs Act, 1969

Correct Answer:

Foreign Exchange Regulation Act, 1947 (FERA)

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