Bostan Malik Reflects on Dollar Transactions
Bostan Malik Reflects on Dollar Transactions-Chairman Foreign Exchange Association Malik Bustan has said that earlier people used to come to buy dollars. For two days now dollars are coming to sell but no one is going to buy.
Talking to Geo News program today with Shahzeb Khanzada, he said that dollar black marketers and speculators have gone underground. He said that the State Bank’s actions regarding exchange companies are correct.
Economist Khurram Shahzad while talking in a program said that the step taken by State Bank today should have been taken long ago.It should be noted that the dollar has become cheaper by 17 rupees in the open market in the country during three days.
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The dollar closed at 312 rupees in the open market yesterday, while two days ago the dollar closed at 323 rupees after becoming cheaper by 5 rupees in the open market, and the dollar was 329 rupees in the open market three days ago.