Tag Archives: Exchange firms sell record $450m to banks in May

KARACHI: Exchange companies sold a record $450 million to the banks in May, helping the country build the reserves required to meet the twin deficits. With the highest-ever remittances of $3.24 billion in May, inflows via exchange companies were also the highest in the current fiscal year. Some exchange companies estimate that around $4bn would be sold to banks during …

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