Dar takes notice of spike in value of USD versus PKR

ISLAMABAD

The Finance Minister, Senator Mohammad Ishaq Dar, during an emergency meeting of the officials of finance division, has taken notice and expressed deep concern, indignation and disappointment at the fact that the current political situation is being exploited by certain individuals, banks and entities, which has resulted in the artificial rise of the interbank rate of the US Dollar versus the Pakistani Rupee.

The spike, which has negatively affected Pakistan’s Foreign Exchange (FX) markets has come as a dent on the otherwise emerging economy.

The finance minister said that the responsible persons and entities in this matter will be identified and appropriate action will be taken against them in accordance with the national interest.

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