The Exchange Companies Association of Pakistan (ECAP) anticipates a gradual decline in the US dollar's value to first Rs270 and subsequently to Rs250 following the disbursement of funds from the International Monetary Fund (IMF). He attributed the surge to the reopening of new import LCs (Letter of Credits), which has increased demand for the dollar. Bostan emphasised that the dollar's value would stabilise once the current high demand is met. Applauding the government's recent inflation-related policies, Bostan said that the regulator and ECAP are keeping a close eye on market speculation. However, he expressed concern over the decrease in workers' remittances, noting the global need for ten million skilled workers and emphasising the development of Pakistan's skilled workforce as an urgent necessity.
