Finance Minister takes notice of spike in Inter-bank rate

By MG News | July 05, 2017 at 05:05 PM GMT+05:00

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The Finance Minister, Senator Mohammad Ishaq Dar during an emergency meeting of officials from Finance Division has taken notice, expressed deep concern, indignation and disappointment at the fact that the current political situation is being exploited by certain individuals, banks and entities. This has resulted in the artificial rise of the interbank rate of the US Dollar versus the Pakistani Rupee, which has negatively affected our Foreign Exchange (FX) markets.
The Finance Minister said that the responsible persons and entities in this matter will be identified and appropriate action will be taken against them in the national interest.

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