'Agency Targets Black Market Dollar Trade'

'Agency targets black market dollar trade'

A deputy chief of Pakistan's spy agency met currency exchange firms this week to address a sharp slide in the rupee, prompting a security crackdown on "black market dollar trade", the head of the country's forex association told Reuters on Thursday. The action helped stabilise the open market rate and the rupee recovered against the dollar by one rupee on Thursday, said Exchange Companies Association of Pakistan Chairman Malik Muhammad Bostan. "…

Pakistan spy agency targets ‘black market dollar trade’ to curb rupee

KARACHI: A deputy chief of Pakistan’s spy agency met currency exchange firms this week to address a sharp slide in the rupee, prompting a security crackdown on “black market dollar trade,” the head of the country’s forex association told Reuters on Thursday. The action helped stabilize the open market rate and the rupee recovered against the dollar by one rupee on Thursday,

Pakistan Army Intelligence Officer Meets FX Body as Rupee Falls

A group of private foreign exchange companies in Pakistan met with the head of an intelligence department this week to discuss the local rupee’s slump.

Pakistan Army Steps in to Tackle Dollar Black Market and Stabilize Rupee

In reaction to the sudden fall of the Pakistani rupee, the country’s intelligence agency, with support from the army, has started a crackdown on illegal dollar trading in the black market. This information comes from the Exchange Companies Association of Pakistan, which confirmed that strong action is now being taken to stop illegal currency deals. This new action is similar to what happened in 2023 when security forces stepped in to control the…

Pakistan spy agency targets ’black market dollar trade’ to curb rupee slide, says forex association president

KARACHI (Reuters) -A deputy chief of Pakistan’s spy agency met currency exchange firms this week to address a sharp slide in the rupee, prompting a …

Pakistan rupee gains amid reported crackdown against US dollar smugglers

KARACHI: Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency...