The exchange rate has been primarily hit hard by a steep decline in the central bank’s foreign exchange reserves, which have shrunk to $4.6 billion. Currency experts say the rupee has been falling “despite being managed” by the State Bank of Pakistan .
On Tuesday, ECAP Chairman Malik Bostan chaired a meeting of the association that was also attended by General Secretary Zafar Paracha. He said that the situation had created a “panic in the market”, leading the government to believe exchange companies were “deliberately blackmailing” them. Bostan further said that under the central bank’s directives, importers were being given the dollars received through workers’ remittances. He said that the central bank believed that citizens would sell their dollars to exchange companies, but added that this had also proved to be incorrect as citizens were coming to purchase the greenback instead.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
SBP expected to raise interest rate by 100-200bps todaySBP expected to raise interest rate by 100-200bps today DunyaNews SBP Economy
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »
Second shipment of Russian wheat to reach Karachi tomorrowThe second consignment of wheat from Russia will reach Port Qasim on 24th January, reported 24NewsHD TV channel on Monday. A total of 1.8 million sacks
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
Bleak economic indicators taking heavy toll on Pakistani rupeeThe bleak economic indicators are not letting the feeble rupee to take a break from its constant slumping against the US dollar as the local unit again
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
US dollar crosses Rs230 barrier in interbank tradingThe Pakistani rupee continued to suffer drubbing at the hands of US dollar as the greenback on Monday crossed the Rs230 barrier in the interbank trading,
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
USD- based NPCs rate of return revised for overseas PakistanisThe State Bank of Pakistan (SBP) has increased the rate of return for investment in US dollar-denominated Naya Pakistan Certificates (NPCs), reported 24NewsHD
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
Rupee posts marginal decline against US dollarPakistani rupee posted a marginal decline against the US dollar for the 18th successive session in the inter-bank market amid falling foreign exchange
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »