Karachi June 7 2022: Pakistan rupee drop against the dollar by ~2.44 to trade at 202.5 in the interbank despite Ministry of Finance and State Bank of Pakistan assurance of no freezing of foreign Asset accounts.
Yesterday, the Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them.
The statement added, “The Government and State Bank are taking all necessary measures to ensure macroeconomic stability in the country. The recent difficult decisions taken by the Government, including the reduction of subsidy on petroleum products, will pave the way to reach an agreement with the IMF and release of the IMF tranche and financial assistance from other multilateral agencies and friendly countries. We are confident that these measures will relieve the temporary stress being faced due to elevated global commodity prices and geo political tensions, and eliminate uncertainty in the economy.”
The Rupee lost nearly 1.2% or 2.44 to trade at 202.5 in the interbank.
Yesterday, Rupee closes at Rs200.06 in the interbank market
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