ISLAMABAD – Pakistan has come up with a new experiment to contain the surgein the US Dollar price in the open market.
The Currency Dealers Association has, after consultation with the StateBank of Pakistan, decided to determine the rate of dollar on daily basis tocontain the surging value of dollar against rupee.
According to sources, the rate of dollar would be set thrice a day and thevalue of dollar would be set at Rs. 0.70 less than actual value. Today therate of dollar would be 118.70.
Forex association has also decided to fine any dealer who does not complywith the new guidelines.