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Pakistan currency definition

Pakistan currency means currency which is expressed or drawn in Pakistan rupees;
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Examples of Pakistan currency in a sentence

  • During the search oper- ations the army also recovered three bags with fourteen pack- ets of Narcotics weighing approximately 17 kgs, Pakistan currency, some documents, and eatables.

  • In all three groups, the proportion of respondents willing to escalate the decision was significantly higher in the presence of the negative framing of the “do nothing” decisions than in the neutral framing versions in the market research (marginal significance in Pakistan), currency trader, and bank loan decisions.

  • The above prohibition applies to transfer of (i) all Pakistani securities (i.e. securities expressed to be payable in Pakistan currency or registered in Pakistan) whether held by persons resident in or outside Pakistan and (ii) all foreign securities held by Pakistan nationals.

  • A senior international adviser said: 50 There are also reports of the police taking bribes on the Kabul-Jalalabad highway, with demands of Pakistan rupees 5,000-10,000 (U.S. dollar=Rs 70; Pakistan currency is com- monly used in the border provinces).

  • A bid without CDR will not be accepted.4. Rates should be quoted in Pakistan currency (Pak Rupee) including all taxes.

  • Section 4 (2) of the Act lays down that, except as may otherwise be directed by the State Bank, authorized dealers, authorized money changers and exchange companies shall be free to determine exchange rates for the conversion of Pakistan currency into any foreign currency or any foreign currency into Pakistan currency.

  • After that the real exchange rate has been defined as the nominal exchange rate of Pakistan currency against US dollar multiplied by the ratio of the foreign to domestic price level i.e. RER = qt (CPIus / CPIpk).

  • Pakistan currency was linked with British pond sterling before 1970.

  • The term 'foreign exchange' as defined in Section 2 of the Act means foreign currency and inter alia includes any instrument drawn, accepted, made or issued under clause (8) of Section 17 of the State Bank of Pakistan Act, 1956 and any drafts, travellers cheques, letters of credit and bills of exchange expressed or drawn in foreign currency or in Pakistan currency but payable in any foreign currency.

  • If β coef- ficient is greater than one then the local (Pakistan) currency will appreciate against the UAE currency and a value below one will indicate depreciation in the local currency value.

Related to Pakistan currency

  • Denomination Currency has the meaning specified in Section 14(b).

  • First Currency has the meaning specified in Section 1.15.

  • Termination Currency means United States Dollars.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Fiat Currency means government issued currency that is designated as legal tender in its country of issuance through government decree, regulation or law.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Eligible Currency means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Australian Dollars means the lawful currency of Australia.

  • Index Currency means USD.

  • Applicable Currency means as to any particular payment or Loan, Dollars or the Alternative Currency in which it is denominated or is payable.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 12 January 2022.

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollar, Swiss Franc, Swedish Krona and New Zealand Dollar, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Other Currency has the meaning assigned to such term in Section 8.12.

  • Approved Currency means Dollars and any Alternative Currency.

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

Most Referenced Clauses

Most Referenced Definitions