KARACHI: The State Bank of Pakistan (SBP) held an emergency meeting with the exchange companies on Friday to work out measures for bringing down the dollar below Rs106 in the open market.
“The State Bank has expressed its concern over the sudden rise in dollar rates in the open market as the price was increasing on each day,” said Secretary General of the Exchange Companies Association of Pakistan, Zafar Paracha.
The dollar has crossed 106 mark against the rupee, and is trading even at higher rates in the open market.
However, neither the State Bank nor the exchange companies have suggested any measure to bring down the dollar.
Exchange companies are asking people not to rush for the dollar as it was not in short supply. The SBP says there is no justification for the recent increase.
Courtesy : Dawn News