Chairman Foreign Exchange Companies Association Malik Bustan has expressed the hope of further reduction in the dollar rate.
Talking to Geo News, Malik Bustan said that the dollar rate had gone to 305 rupees in the past few days.
He said that in the absence of dollars, the Governor requested the State Bank, the Governor State Bank instructed the banks to pay the stopped dollars immediately.
Malik Bustan said that banks have given 5 million dollars to exchange companies today, the dollar has decreased from 305 to 298.
Chairman Foreign Exchange Companies Associations said that 5 million dollars are still due tomorrow, banks have promised to restore supply.
Malik Bostan said that if the series continues in the same way, the dollar will fall below 295.
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