Gulf War Curbs Informal Dollar Inflows to Pakistan

Gulf War Curbs Informal Dollar Inflows to Pakistan

The ongoing Gulf war has led to a sharp reduction in unofficial dollar inflows into Pakistan through hundi and hawala channels. This disruption in informal remittances means less foreign exchange is entering the country outside official banking systems. Such a decline could exert upward pressure on the USD/PKR exchange rate in the open market, potentially influencing local gold prices.

بحوالہ / Source: www.dawn.com