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SECOND SUCH INTERVENTION, FOLLOWING A 2023 ARMY CLAMP DOWN Pakistan spy agency targets black market dollar trade
Hindustan Times Ranchi
|July 25, 2025
{ TO CURB RUPEE SLIDE
A deputy chief at Pakistan’s spy agency met with currency exchange firms this week amid a sharp slide in the rupee, leading to a crackdown on black market dollar trade, the head of the country’s forex association told Reuters on Thursday.
The move, a demonstration of the military's growing role in managing the economy, marks the second such intervention, following a 2023 army clamp down that halted an earlier sharp plunge in the currency, helping stabilise the exchange rate until this month.
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