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You are Director Finance of a Pakistani firm whose wholly owned subsidiary in China manufactures component parts for your Pakistans assembly operations. Subsidiary has been
You are Director Finance of a Pakistani firm whose wholly owned subsidiary in China manufactures component parts for your Pakistans assembly operations. Subsidiary has been financed by the bank borrowing in the Pakistan. Manager finance told you that Chinas currency is expected to depreciate by 30 % against Pakistani rupee on the foreign exchange market over the next year. Which action you should take?
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