Dar denies rumors on govt considering banks' FX

News Image

MG News | January 11, 2023 at 03:12 PM GMT+05:00

0:00

January 11, 2023 (MLN): The Federal Minister of Finance and Revenue Senator Ishaq Dar on Wednesday denied the government's consideration to access the foreign exchange held by commercial banks, he clarified through its official Twitter handle.

“Therefore, said misconstrued, misinterpreted, and malafide, propaganda should be ignored”, he added.

In a series of Tweets, he said that the national foreign exchange reserves always include forex held with the State Bank of Pakistan (SBP) and commercial banks.

"Recently I quoted the forex reserves figure based on this principle," he noted.

Some vested elements who ruined this country’s economy in the past gave it a deliberate twist and started a campaign as if the government was considering access to foreign exchange held with commercial banks which indeed is the property of the citizens, he highlighted.

He said, "Pakistan is moving towards improvement in its forex reserves position in the near future."

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 01:57 PM GMT+05:00

Weekly Market Roundup


July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg