Chairman of Exchange Companies of Pakistan, Malik Bustan, says that instead of controlling the price of the dollar, the government has decided to make it market-based. gave According to Malik Bustan, the price of the dollar in the market from tomorrow will be market-based according to supply and demand.
Malik Bustan says that free-floating the dollar is a mandatory condition of the IMF for the debt recovery program. The decision will increase the value of the dollar but end the black market.
The Chairman of Exchange Companies of Pakistan further said that tomorrow morning a meeting has been arranged with the Deputy Governor State Bank Dr. Inayat Hussain, in the meeting he will decide the action plan on the situation arising from making the dollar market based.
According to experts, by making the value of the dollar market-based, the remittances will be through the banking channel and the open market instead of Handi Pass.
