Transparent probe to be carried out into recent dollar appreciation: Dar
Finance Minister says foreign exchange reserves currently stand at twenty one billion dollars.
Finance Minister Ishaq Dar says a transparent probe will be carried out into recent dollar appreciation.
Talking to media persons in Islamabad on Thursday, he expressed surprise over the depreciation of the local currency. He said the forex market is stable and there is no reason in appreciation of dollar.
Responding to a question, Ishaq Dar said foreign exchange reserves currently stand at twenty one billion dollars. Of these sixteen billion dollars are with the central bank and the remaining five billion dollars are with the banks.
Earlier, the Finance Minister held a meeting with the presidents of different banks and discussed matters that led to the devaluation of rupee.