Average premium between the inter-bank and open market rate will be no more than 1.25 percent during any consecutive 5-business day period, the IMF had said in its country report on Pakistan
Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack
Minister for Finance asks banks and ECs to avoid manipulation of the dollar, warns of strict action if institutions are found involved in unlawful practices
Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings