Economic expert Shabr Zaidi has stated that restrictions have been imposedon the import of 5 items in Afghan trade. After government measures, thedollar’s value is expected to reach 250 rupees.
During a private TV program, Shabr Zaidi mentioned that actions are beingtaken to shut down exchange companies, and the government is closelymonitoring the transactions of these companies. He stated that thesmuggling of dollars into Afghanistan has been curtailed, and the rupee isstrengthening against the dollar, with the dollar’s value expected to reach250 rupees.
He further explained that restrictions have been placed on the import of 5items in Afghan trade, and the imports of these 5 items were close to 4billion dollars, while the demand for Afghan trade was 6 to 7 billiondollars.
Previously, former Finance Minister Ishaq Dar also expressed hope in amedia interview that the next IMF economic review would be successful. Hestated that the dollar should come close to 250 rupees, and there is noapparent reason for prices to go higher. It is hoped that the next IMFeconomic review will be successful, and Pakistan will receive a tranche of7 billion dollars.
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It should be noted that due to the crackdown on hoarding dollars in themarket in the second phase of the crackdown against currency smuggling, thevalue of the dollar remained stable in the market. In the open market, thedollar is now at 48 rupees per month, and in the interbank market, it is at41 rupees and 24 paise, which has brought the value of the dollar back toits level from three months ago.