DOLLARN RISES TO 162.5
Rivals lost Rs3.5 to Rs162.5 when they faced a dollar in the domestic market on Wednesday as various parts of the country saw a diversification of locks. The State Bank of Pakistan, in an emergency meeting, dropped another 150-point deadline following an increase in coronavirus cases and business interruptions.For the Monetary Policy Committee. meeting on March 17, loan rates cut by 225 bps over two rounds.
As loan prices are cleared, investors, especially immigrants, are throwing their things off the market for money in search of dollar security – a safe haven. This has increased the need for market volatility, “said Zafar Paracha, former secretary-general of Trans Companies Association of Pakistan.
