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Exchange Companies Association of Pakistan (ECAP)

US Dollar to stabilize at Rs124.50- ECAP decision

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has come to a decision on Friday, not to let the US dollar cross Rs124.50 in the open market. A decision to this effect was taken after an embryonic meeting held a day earlier to discuss the ongoing rush in the prices of greenback. General Secretary Zafar Paracha, ECAP has recommended general public not buy dollars gratuitously. Furthermore, he has appealed to all exchange companies across the country to abstain from illicit exploit and to maintain the rate…