Wednesday September 15, 2021

SBP Unveals Reasons Behind Dollar Hike

ISLAMABAD: The SBP deputy governor has said that the balance of payments and the situation in Afghanistan had made the dollar more expensive.

The SBP deputy governor dismissed reports of dollars being thrown into the market to keep the rupee stable, while Sherry Rehman sought a response from the finance ministry.

In a meeting of the Standing Committee on Finance chaired by Senator Talha Mahmood, the members sought a briefing from the SBP on the rise in the value of the dollar.

Sherry Rehman said the value of the dollar is rising. The SBP is throwing dollars into the market to keep the rupee stable.

Chairman Committee Talha Mahmood said that when Shaukat Tareen became the Finance Minister, the dollar was Rs 153. Today, the dollar rate has reached Rs 170.

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