Breaking News about the Online Forex Trading Platform in Pakistan: The sources claim that Pakistan has declared its intention to introduce an online forex trading platform by the end of January 2024.
According to specifics, the International Monetary Fund (IMF) has been supplied with the idea for the online FX trading platform. Following the initiative’s introduction, foreign exchange trading at the interbank will be done online.
Furthermore, all banks will be integrated with the new trading platform, which is expected to launch by the end of Jan 2024.
The sources indicate that the Foreign Exchange Reserves of the State Bank of Pakistan decreased by $1.2 billion to reach $4.5 billion. Pakistan reportedly paid back $600 million to Emirates NBD Bank and $415 million to the DIB on Friday.
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