Finance division asks Governor SBP to initiate inquiry into Pak rupee fall
Division directs to complete report within 10 days.
Finance Division has officially asked Governor State Bank to initiate an inquiry into the sharp deterioration of rupee-dollar exchange rate in the inter-bank market.
The Division has also directed to complete report in this regard within a period of ten days.
The rupee-dollar exchange rate in the inter-bank market deteriorated by 3.1 percent from 104.90 to 108.25 per US dollar on Wednesday last.
On the same day the Finance Minister took immediate notice and called for a detailed report from the State Bank of Pakistan on this artificial and unnatural deterioration in the exchange rate.