US dollar rate decreases by Rs2.30 after Dar’s notice

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ISLAMABAD  – A decrease in the rate of United States dollar by Rs2.30 has been witnessed today (Thursday) after Federal Finance Minister Senator Ishaq Dar’s notice.

According to the business sources, the dollar is being traded on Rs 106 across the country which was at Rs108 last day. Sources also told that the minister will hold meeting with the presidents of all the prominent banks today.

Dar cleared out that the responsible persons and entities in the matter would be identified and that appropriate action would also be taken against them in the national interest.

Earlier on Wednesday, Ishaq Dar took serious notice of the hike of interbank rates of the US dollar against the Pakistani Rupee.

The Finance minister expressed deep concern, indignation and disappointment at the fact that the current political situation is being badly exploited by certain individuals, banks and entities and which is resulting in the artificial rise of interbank rate of the US Dollar versus Pakistani Rupee.

Finance Minister professed that the fact of hike of interbank rates of the US dollar versus Pakistani Rupee had negatively affected our Foreign Exchange (FX) market.

2017-07-06

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