Exchange companies to remove cap on dollar rate from tomorrow

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پاکستان عنوانات خبریں

پاکستان تازہ ترین خبریں,پاکستان عنوانات

The Exchange Companies Association of Pakistan (ECAP) announced on Tuesday that it would remove the cap on the US dollar from January 25 (tomorrow), reported

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.

 

آپ کے تبصرے کا شکریہ۔ آپ کا تبصرہ جائزہ لینے کے بعد شائع کیا جائے گا۔
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:

 /  🏆 19. in PK

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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