IMF wants market-base rupee value

IMF Mission Chief to Pakistan Nathan Porter on Thursday, in a meeting with Finance Minister Ishaq Dar, urged the government to implement the market-based exchange rate,

They added that the IMF had strong apprehensions that the Pakistani authorities were artificially controlling the exchange rate through administrative pressures on banks and currency exchange dealers.

But Islamabad has not accepted the IMF’s stance on the grounds that the State Bank of Pakistan (SBP) was not throwing sacred dollars in the interbank market.