Tag Archives: SBP cracks down on exchange firms to stabilise rupee

KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it has started a crackdown on exchange companies (ECs) in the light of findings from ongoing inspections and mystery shopping. In a statement, the central bank stated that due to recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by ECs and …

Read More »