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At least five arrested as Pakistan widens crackdown on illegal currency exchange, transfers

  • The development comes days after a senior ISI official met exchange company representatives, amid concern over rupee’s depreciation
  • Pakistan operates a multi-tiered currency market, with rates diverging between official interbank channel, open market and ‘grey market’
By SAIMA SHABBIR ·

Pakistan suspends authorization of exchange companies for violating rules amid forex crunch

By KASHIF IMRAN ·
Special

Amid forex crunch, Pakistan army chief assures businessmen of 'transparency' in exchange rates

By KHURSHID AHMED    ·

Pakistan minister vows ‘exemplary punishment’ for banks involved in currency exchange rate manipulation 

By KHURSHID AHMED    ·

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