Speculative Trading of Iranian Riyals Surges in Pakistan Amid US-Iran Peace Mediation Hopes
Pakistani investors and small-scale savers are betting millions on the Iranian riyal, driven by speculative hopes of a diplomatic breakthrough between the US and Iran.
State Bank of Pakistan Introduce Forward Sale Transactions for Exchange Companies to Boost Remittances
The State Bank of Pakistan now allows exchange companies to enter short term forward sale transactions for 5 days to stabilize liquidity and enhance formal remittance inflows.
US Dollar May Fall Below 250Pkr Claims Malik Bostan
ECAP Chairman Malik Bostan says the US dollar could fall below Rs250 amid rising defence exports, JF-17 demand, stronger reserves, higher remittances, and stock market gains.