KARACHI: The US currency crossed Rs104 in the open market on Wednesday, providing a premium of more than Rs 2 per dollar to sellers dealing with the banks.
Though the Forex Association of Pakistan (FAP) provided the closing rate of Rs103.50, a random market survey showed that the rate charged all over the city was in the range of Rs104 to Rs104.20.
The State Bank has recently allowed currency dealers to bring dollars from Dubai directly in their accounts in Pakistan instead of surrendering dollars to a bank and then getting them within a week’s time. The step was taken on demand of currency dealers and for speedy supply of dollars in the open market.
