Exchange Companies Association of Pakistan (ECAP) Malik Bostan has said that the US Dollar could fall significantly against the Pakistani Rupee following a crackdown on currency smugglers.
Speaking on a TV program, the ECAP chairman said that following the crackdown, the dollar is expected to drop to the Rs. 280 level and potentially as low as Rs. 270.
عالمی ریٹنگ ایجنسی ایس اینڈ پی نے پاکستان کی ریٹنگ ٹرپل سی پلس سے بہتر کرکے بی مائنس کردی۔آوٴٹ لک مستحکم برقرار۔گزشتہ دنوں میں ڈالرکےمقابلے میں روپے کی گراوٹ پر فاریکس کمپنیز کے نمائندوں سے انٹیلی جنس افسر کی ملاقات ۔تفصیلات دیکھیے
— Shahzeb Khanzada (@shazbkhanzdaGEO) July 24, 2025
Bostan also claimed that there had been an issue with dollar availability in recent days, but said that the issue has now been resolved and that dollars will now be easily available at exchange companies.
Yesterday, Reuters reported that a senior official from Pakistan’s intelligence agency met with currency exchange companies this week amid a decline in the rupee, prompting a crackdown on black market dollar trading.
On the contrary, in a recently conducted poll, some analysts said they believe that rupee could slide to over 300 against the dollar by December 2025. However, majority of analysts expect currency in range of Rs. 285-290 by December.
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Pak rupees value will be increased only when Pakistan Mafia will be ELIMINATED.
MAIN CULPRIT IS MAFIA.
And these money changers are an extension of the culprit mafia😡
I love how they claim this but never deliver.
Let’s not forget that prices of everything is high thanks to govt decision not to pursue and enforce price control .