Pakistan Tightens Cash Dollar Sales in Bid to Curb Outflow and Support Rupee.
Pakistan Tightens Cash Dollar Sales in Bid to Curb Outflow and Support RupeeKarachi, November 17 (PTI) – The State Bank of Pakistan (SBP) has introduced strict new controls on the sale of physical US dollar cash to individuals, in a fresh attempt to stem undocumented dollar outflows and prevent further pressure on the Pakistani rupee.Under a circular issued on Sunday, commercial banks have been barred from dispensing cash US dollars...