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Karachi: Mr. Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan (ECAP), announced that exchange companies handled a total volume of approximately USD 7.0 billion in 2024, significantly contributing to Pakistan’s economic progress and prosperity. This achievement reflects the pivotal role of exchange companies in stabilizing Pakistan’s foreign exchange market. Strengthening Foreign Reserves …
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Karachi: Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan (ECAP), has expressed strong support for the State Bank of Pakistan’s (SBP) newly introduced framework for exchange companies. He praised this initiative as a transformative step toward improving operational efficiency, ensuring customer security, and eliminating illegal trading in the gray market. Paracha commended …
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KARACHI: The Pakistani currency has continued its upward trajectory towards the US dollar, reaching a new all-time high of Rs154.58 to the US dollar in the interbank market on Friday, as foreign currency supplies outnumber demand. On the same day that the World Bank accepted $1.3 billion for Pakistan, including $600 million for the Ehsaas …
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