On Thursday, Finance Minister Miftah Ismail said the dollar market was now “under control”. He also claimed that stability had returned following the government’s announcement that it intended to complete the remainder of its term. Addressing a press conference on the matter in Islamabad today alongside Defence Minister Khawaja Asif, Ismail said: “The dollar market has been quite shaken for two to three days since July 17 but it has now been brought under control slowly.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

NEPRA notifies Rs4.92 per unit hike

The National Electric Power Regulatory Authority (NEPRA) on Monday notified an increase…

WAPDA finalises plan to add 10,000 MW hydel electricity

Water and Power Development Authority (WAPDA) will add as much as 10,000…

SBP increases interest rate by 150 bps to 8.75 %

On Friday, The State Bank of Pakistan (SBP) raised its benchmark interest…

OGDCL announces oil discovery in Sindh

The Oil & Gas Development Company Limited (OGDCL) has announced a new…