Dollar rate to be determined on daily basis to contain its surge

Monitoring, April 26 (INP) – The Currency Dealers Association has, after consultation with the State Bank of Pakistan, decided to determine the rate of dollar on daily basis to contain the surging value of dollar against rupee.

According to sources, the rate of dollar would be set thrice a day and the value of dollar would be set at Rs. 0.70 less than actual value. Today the rate of dollar would be 118.70.

Forex association has also decided to fine any dealer who does not comply with the new guidelines.

Inp/khan