US Dollar to PKR |
The decision to set the dollar rate at 253 rupees for purchases from the open market
According to Forex market sources, it has been decided to set the dollar rate at 253 rupees for buying from the open market.
Forex market sources say that it has been decided to fix the selling price of the dollar at 255 rupees and the settlement price of the dollar for credit cards at 256 rupees.
On the other hand, the Exchange Companies Association has decided to end the dollar rate cap.
It has been decided in the exchange companies meeting that the decision to cap the dollar is in the interest of the country, but the results are coming wrong.
It was told in the meeting that there was an artificial demand in the market, people were buying dollars from us and selling them in the gray market, the gray market was transferring foreign exchange work day by day, and the market rate of the dollar is more than 250 rupees.
According to the Exchanges Companies Association, if the dollar seller gets a rate, he will come to us, and those who buy dollars from us and sell them in the gray market will also be cut off.
The association said that the decision to cap was ours, and the decision to end is also ours.
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