Chairman Exchange Companies Association Malik Bustan says that, God willing, the dollar rate will fall further, I congratulate Finance Minister Ishaq Dar and Governor State Bank for their timely decisions.
Talking to the media, he said that commercial banks were buying dollars for credit cards from the open market at high rates for a long time.
He said that when the dollar became 315 rupees in the open market, Finance Minister Ishaq Dar contacted me, he asked why the difference between the dollar in the interbank and open market became so much.
Chairman Exchange Companies Association said that I told that commercial banks are buying dollars for credit cards, the purchase of dollars by commercial banks has affected the open market.
He says that Ishaq Dar took a timely decision and issued a circular yesterday, telling commercial banks that they can buy dollars from interbank instead of exchange companies.
Malik Bustan said that until July 31, this is a testing period, the decision of Ishaq Dar will benefit Hajis a lot.
Chairman Exchange Companies Association Malik Bustan also says that it is not difficult to drop the dollar, it is difficult to maintain it.
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