The $ became more expensive on the interbank market

The $ became more expensive on the interbank market

According to Forex dealers, the dollar rose by 86 paise in the interbank market. According to the details, the value of the dollar could not stabilize in Pakistan. According to economists, rupee is under pressure on import bill and repayment of external debt. Rising prices of imported commodities will increase import bill. The current account deficit may increase further.

National Bank of Pakistan fined 24 million

The US Federal Reserve has imposed heavy fines on the National Bank of Pakistan. According to a statement issued by the US Federal Reserve Board, a huge fine of 4 24 million has been imposed on the National Bank of Pakistan. The National Bank of Pakistan was operating on a foreign bank in the United States. National Bank of Pakistan has been fined for violating anti-money laundering. According to the statement, the National Bank of Pakistan will also ask the board firm to improve its anti-money laundering program on money laundering violations. The National Bank of America's banking operations in the United States did not maintain an effective risk management program or controls, as detailed in the Order withholding and Withholding Consent against Bank of Pakistan.

The statement said that the federal government's anti-money laundering laws are sufficient to comply with the law.