The Pakistani currency has hit a new low of PKR 237 in the interbank market according to Forex Association of Pakistan, shedding about 1.31 percent against the American dollar.
Malik Bostan, the chairman of FAP, emphasized the need for increasing inflows of dollar to stabilize rupee.
He said, “The central bank should take strict measures against exporters who are not bringing back their proceeds to the country in due time,”
He further added the rupee should be utilized for trading with Afghanistan which would result in economizing USD 2 billion in the foreign exchange.
The financial markets are jittery due to the ongoing political crisis. The Pakistani rupee has become one of the world’s worst performing currencies in 2022.
