In a recent statement, Malik Bostan, the President of the Federation of Pakistan Chambers of Commerce and Industry, revealed that the value of the dollar has decreased by 27 rupees for credit card holders in Pakistan. This development brings some relief to individuals using credit cards for their transactions.
Bostan also expressed his concern about online shopping and suggested imposing a 10% duty on online shoppers. This measure aims to regulate online transactions and potentially boost local businesses.
Regarding the International Monetary Fund (IMF) program, Bostan mentioned that the government is actively working to move forward with it. He assured that the threat of not receiving funds from the IMF will be eliminated. However, in case of any delay in the program, the government will seek assistance from China.
Highlighting the situation in Sri Lanka, which has faced default, Bostan noted that the exchange rate stands at 295. He explained that the value of the dollar will only decrease when the exchange rate strengthens.
These developments reflect ongoing efforts by the government and industry leaders to manage the country’s economic situation and foster stability in various sectors, including online commerce and international financial partnerships.
