Currency Uncertainty Sparks Dollar Shortage Fears in Pakistan

Exporters are earning a premium of Rs8 per dollar by forward selling dollars for 2 months due to fears of currency devaluation.

Exchange companies have halted open market dollar sales, except for travel purposes, due to uncertainty.

Banks are being encouraged to open exchange companies, potentially reducing dollar availability.

Some experts believe impending IMF inflows could support the exchange rate.

Artificial dollar shortage could revive the black market and hurt the currency as happened in 2023.