Islamabad May 15 2022: Building further on its policy of zero tolerance against currency smuggling, Chairman FBR has instructed Customs field formations for stepping up vigilance at airports & land border stations.
Concerned Collectorates to ensure monitoring of all inbound & outbound passengers.
Yesterday, Federal Minster for Finance and Revenue, Mr. Miftah Ismail, presided over a meeting with heads of all the major Exchange Companies of Pakistan at Finance Division.
At the outset, Finance Minister expressed firm resolve of the Government to ensure stability in the Forex market. He stated that Government is committed to take all possible measures to keep Pak rupee vis-à-vis the US Dollar stable without interfering into market mechanism. Various proposals were presented by the heads of Exchange companies in this regard.
It was proposed that the exchange companies should be facilitated to increase the flow of home remittances to Pakistan. A number of measures were also suggested to curb the outflow of foreign exchange from Pakistan through informal channels.
In addition, some other concrete proposals/measures were submitted by the exchange companies to improve the foreign exchange position in Pakistan.