Islamabad (Daily Pakistan Online) The Deputy Governor of the State Bank of Pakistan has revealed that eight banks made illegal money by manipulating the value of the dollar, increased Pakistan’s external debt and damaged the country’s economy. He disclosed this in the meeting of the Standing Committee on Finance of the National Assembly.
The committee members questioned how the dollar went above 245, why the State Bank as a regulator did not take action against the banks while a difference of 10 rupees was also seen in the dollar rate in the interbank and open market.
Deputy Governor State Bank said that eight banks are involved in the manipulation of currency value. These banks have harmed the country’s economy for the sake of making ill-gotten money and increased Pakistan’s external debt, which may increase further. He revealed that National Bank, Meezan Bank, Bank Habib, Habib Metro, Standard Chartered, HBL, UBL and Allied Bank are involved in the manipulation of dollars.