Exchange companies to remove cap on dollar rate from today

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.

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...

Dollar shackles break as exchange companies decide to remove “dollar cap”  - Profit by Pakistan Today

The Exchange Companies Association of Pakistan on Tuesday announced that they would no longer be going forward with the “dollar cap”. In a statement, the secretary ECAP Zafar Paracha said that, “ the association was withdrawing the cap on the US dollar in the “nation’s interest” as the limit was causing adverse effects.” What did […]

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

Money exchangers decide to remove ‘cap’ on US dollar to abolish grey market

This move is a mandatory condition of the International Monetary Fund

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.