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Exchange companies to remove cap on dollar rate from today

Summary by Ground News
The Exchange Companies Association of Pakistan announced that they would no longer be going forward with the dollar cap. The State Bank of Pakistan suspended 11 outlets of 8 exchange companies on Monday. The outlets were found guilty of hoarding dollars and violating the regulatory restrictions. However, Malik Bostan, Chairman ECAP told Profit, that it was a mere coincidence for these two events to occur one after the other.
Published 2 months ago

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In bid to dent grey market, exchange companies remove US dollar cap

KARACHI: The Exchange Companies Association of Pakistan has decided  — effective from tomorrow — to remove the cap on the US dollar, in a bid to end the surging artificial...

2 months ago·Pakistan
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DawnDawn

Exchange companies to remove cap on dollar rate from today

ECAP chairman says cap "imposed in national interest has proven to be negative"; association to meet SBP deputy governor tomorrow.

2 months ago·Pakistan
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Business RecorderBusiness Recorder

Exchange companies set to remove ‘self-imposed price cap’ on open-market dollars

Association says it will sell the foreign currency in accordance with demand-supply dynamics

2 months ago
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ARY NewsARY News

Exchange companies remove ‘dollar cap’ to abolish grey market

Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on US dollar in bid to end ‘artificial’ demand in the market

2 months ago·Pakistan
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Times of IslamabadTimes of Islamabad

US dollar to sky rocket in open market after removal of cap by exchange companies: report

Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan announced on Tuesday that exchange companies will remove the cap on the open market price of the

2 months ago·Islamabad, Pakistan
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92 News HD Plus92 News HD Plus

Exchange companies remove US dollar cap, market itself to determine rate

The Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on the US dollar, allowing the market itself to determine the rate.

2 months ago
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