High level emergency meeting held by PM Khan puts dollar back by Rs 2

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High level emergency meeting held by PM Khan puts dollar back by Rs 2

KARACHI - A High level Emergency meeting held by PM Imran Khan puts dollar back by Rs 2, it has been revealed.

The US dollar down by Rs2 in the open market after reaching all time high of Rs 146 on Wednesday following strong speculations that the local currency will depreciate further after the signing of a bailout agreement with the International Monetary Fund (IMF). The US dollar closed at Rs144 in the open market.

A high level meeting held this afternoon at Prime Minister House Prime Minister Imran Khan met an ECAP delegation led by Sheikh Allaudin, Malik Bostan, and Mr. Sheikh Mureed Other meeting members were DG FIA, DG IB, Chairman FBR and Governor SBP.

Government made it crystal clear that it will take strict action against Exchange Companies Rate of currency agreed and if they deviate they would not be spared.