Delay in IMF agreement puts dollar gray market on the rise

Due to the delay in the agreement between the government of Pakistan and the IMF, the gray market of dollars has been activated again and the smuggling of dollars has again gained momentum.

Due to shortage in the open market, the dollar has reached 282 to 283 rupees in the gray market.

According to currency market sources, the dollar gray market has been active once again due to the delay in the agreement from the IMF. The delay in the agreement from the IMF is causing anxiety among importers.

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Due to the delay in the deal, many importers have started to procure dollars from the gray market due to which the price of the dollar in the gray market is between 282 and 285.

Currency market sources say that dollar smuggling has picked up again, with the government allowing exchange companies to handle foreign exchange for importers.