The government has reportedly instructed banks and foreign exchange companies to take aggressive steps to bring down the PKR/USD exchange rate. Officials have emphasized reducing the dollar rate “at all costs” to control market instability and protect the rupee’s value.
This move comes amid rising concerns over currency fluctuations and their impact on the economy. Financial institutions have been warned to implement strict measures, including tightening speculative trading and monitoring inflows and outflows, to stabilize the market. The government aims to strengthen the rupee and ensure a more balanced exchange rate environment.
Government policies, Currency exchange rate, PKR/USD fluctuation
