Federal Finance Minister Senator Ishaq Dar has appreciated the positive role played by exchange companies in the past for betterment of the country. He hoped they would once again remain conscious of their responsibilities in stabilising the exchange rate in support of Pakistan’s economy.
The Finance Minister was talking to representatives of Exchange Companies Association of Pakistan (ECAP) in a meeting here at State Bank of Pakistan (SBP) on Friday evening. SBP Governor, Yasin Anwer assisted him, said a SBP statement. It said the meeting was held in a good atmosphere and was very productive.
He expressed concern over the rising spread between the Interbank and Kerb market rates recently and expressed his confidence that exchange companies would work towards narrowing the gap.
The ECAP members presented their views and proposals. It was decided that ECAP would have another meeting with the Governor SBP to deliberate on the issues and arrive at substantive measures for implementation with expectation that exchange companies would play their positive role in bringing the spread down.
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