The rate of dollar dropped to Rs155.60 in the inter-bank market on Wednesday. The last time it traded below Rs156 was on March 10, 2020. The dollar price has dropped by Rs4.30 during 2021, which shows a 2.7% change. The greenback value has decreased by 7.4% or Rs12.45 since it hit Rs168.43 in August last year. “The State Bank took several initiatives such as Roshan Digital Accounts last year during the pandemic,” said Zafar Paracha, the secretary of the Exchange Companies Association of Pakistan. “The dropping rate shows those initiatives have been bearing fruit.” Inward remittances, the foreign exchange overseas Pakistanis send to the country, have been strong, he said. These
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