Finance Minister Senator Ishaq Dar has directed the State Bank of Pakistan (SBP) to ensure availability of dollar notes to scheduled banks.
Ishaq Dar on Monday took serious note of the shortage of dollar notes with the exchange companies and scheduled banks and issued orders to the SBP to ensure that adequate supplies of notes are made available in the market immediately.
It is said that the recent pressure on the exchange rate, particularly higher premium between inter-bank and open markets, is primarily due to shortage of dollar notes for which timely arrangements of imports could not be made by relevant authorities.
The SBP authorities have assured the finance minister that there will be no shortage of dollar notes in the Kerb market, henceforth.