Canada Global(Web News) IMF has asked for a report from Pakistan on the increase in the value of the rupee against the dollar.
The International Monetary Fund has also asked Pakistan for details of action by security agencies against exchange companies. In the initial position, Pakistan says the State Bank has fully implemented market-based exchange rates. Pakistan said. As the rupee has improved against the dollar due to a crackdown on smuggling and illegal residents, dollar inflows have increased in three months, pushing the dollar lower.
According to sources, the Ministry of Finance says that the action of the law enforcement agencies did not artificially increase the value of the rupee, the decrease in the value of the dollar was due to the action against smuggling and illegal residents. Bank officials will also provide more details to the IMF in technical discussions.
