The Ministry of Finance opined that dollar rate fell due to the action against smuggling and illegal residents.
Islamabad: The International Fund (IMF) sought a report from Pakistan on the appreciation of Pakistani rupee against US dollar, reportedly.
According to media reports, technical level talks are underway between Pakistan and the IMF during which IMF has asked for a report on the action taken by the law enforcement agencies against the exchange companies.
It is reported that State Bank of Pakistan (SBP) fully implemented the market-based exchange rate under the IMF conditions and the Finance Ministry said that the action of the law enforcement agencies did not artificially increase the value of the rupee.
The Ministry of Finance opined that dollar rate fell due to the action against smuggling and illegal residents. The inflow increased in three months due to which the value of dollar depreciated during this time the government also made several payments.
State Bank officials will also provide more details to the IMF in the technical dialogue, reportedly.
How the US shut the door on asylum-seekers
- 18 گھنٹے قبل
Want closer friendships? Find your “strawberry people”
- 18 گھنٹے قبل
Pakistan reiterates support for Somalia's sovereignty, integrity
- ایک گھنٹہ قبل
Foreign remittances hit record high of $3.6bn in December
- 5 گھنٹے قبل
Iran warns Washington it will retaliate against any attack
- 5 گھنٹے قبل
Bob Weir, Grateful Dead co-founder and rhythm guitarist, dead at 78
- 3 گھنٹے قبل
Islamabad: Cylinder blast in wedding house leaves eight dead, 11 hurt
- 5 گھنٹے قبل
Forensic report confirms presence of CM Sohail Afridi in May 9 incidents
- 7 گھنٹے قبل
Pakistan Navy ships visit Port Sultan Qaboos
- 5 گھنٹے قبل
Mainly cold, dry weather expected in most parts: Met Office
- 5 گھنٹے قبل
Bangladesh players act normal despite controversies, says Shanto
- 3 گھنٹے قبل
Preparing youth for digital economy: inside Pakistan’s wealth university
- 6 گھنٹے قبل
