Army chief is serious about fixing the situation in the country

Fareed Soomro
SUKKUR: The trend of improvement in the value of Pakistani currency continues, today the dollar will be cheaper against the rupee in the interbank and open market
According to the Forex Association of Pakistan, the dollar fell by one rupee 49 paise to 297 rupees 33 paisa against the rupee in the interbank market, which closed at 298 rupees 82 paisa after depreciating by 0.36 percent or one rupee 7 paise yesterday. It happened.
Similarly, the local currency rose by one rupee to Rs 298 against the dollar in the open market.
Zafar Pracha, General Secretary of the Exchange Companies Association of Pakistan, said that today is also a good day for the Pakistani economy, not only the dollar, but the crackdown is going on everywhere, due to which the prices of sugar, oil, flour, rice have fallen.
He expressed hope that the dollar will come down further in the coming days, saying that it seems that the state, the army chief and the government are serious about fixing the situation in the country because of the situation we have reached. And there is no choice.
Along with this, we have to fix our policies so that things can run on auto, Zafar Pracha said.
He said that foreign investment will also come in the country, the confidence of Pakistanis has also been restored.
It should be noted that on August 24, the triple century of the dollar was completed in the interbank market for the first time, but yesterday the US currency fell below the 300 level after depreciating by 0.42% in the interbank market.
Chairman of the Forex Association of Pakistan, Malik Bustan, said yesterday that the supply of dollars in the open market has increased rapidly during the past one week.
He said that exchange companies have been supplying US dollars to banks for some time, due to which the demand in the interbank market has decreased, so the dollar has fallen below Rs 299.
He had expressed hope that the difference in the value of the dollar between the two markets would not exceed 1.25 percent, as directed by the International Monetary Fund (IMF).
The local currency has seen a significant rise in value over the past few days, with experts citing a crackdown on illegal dollar withdrawals, currency dealers in the interbank market said, adding to fears of further dollar depreciation. Due to the exporters are selling large number of dollars