Exchange Companies Association of Pakistan decides to keep USD at 124.5

MG News | June 22, 2018 at 06:32 PM GMT+05:00

Join our Whatsapp channel

Add Mettisglobal as a Trusted Source on Google

0:00

The Exchange Companies Association of Pakistan has decided not to let the USD cross 124.50 in the open Market.

ECAP asked all companies not to sell above than this rate.

Zafar Paracha Gen Secretary has urged the general public not buy dollars without necessity.

He said "the interbank rate is settled so no need to buy and hold USD unnecessarily as it will further strengthen the Dollar".

Further, he urged Pakistanis to send their remittance through formal channels as Transfer of funds through legal channels is the best way to improve foreign reserves of the country.

Related News

PKR closes stronger at PKR 277.9 against USD

NBP issues foreign exchange rates

PKR closes firmer against USD

Name	Price/Vol	%Chg/NChg
KSE100	171,739.45 242.21M	-1.54% -2690.48
ALLSHR	104,259.24 520.15M	-1.35% -1427.41
KSE30	51,216.76 90.23M	-1.69% -882.09
KMI30	241,390.67 102.03M	-1.59% -3889.84
KMIALLSHR	66,758.34 335.29M	-1.36% -923.26
BKTi	49,017.09 25.25M	-1.47% -728.87
OGTi	33,907.82 6.36M	-1.52% -523.94

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,855.00	66,385.00 65,365.00	-155.00 -0.23%
BRENT CRUDE	98.79	98.88 94.89	4.72 5.02%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.20 0.17%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	90.65	90.72 87.32	3.82 4.40%
SUGAR #11 WORLD	14.82	14.86 14.73	0.08 0.54%