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What exchange rate for pound sterling should be used for budgeting?

April 26, 2017Budgeting exchange rate pound Sterling Used

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What exchange rate for pound sterling should be used for budgeting?

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Proposals must be made in PAK rupees. These will be converted into pounds sterling at the exchange rate prevalent at the time of the submission of the proposal to assess whether it qualifies for a large or small grant. Disbursements will also be made in PAK rupees.