As the local currency fell to historic low against the US dollar, the State Bank of Pakistan (SBP) on Friday denied the reports that it is holding an emergency meeting of the Monetary Policy Committee (MPC).
“The reports making rounds in media about holding of an emergency meeting of the Monetary Policy Committee (MPC) of SBP are completely baseless," the central bank said in a statement.
The statement comes as the local currency fell to Rs305.54 after shedding Rs1.09 in interbank on Thursday while the greenback is changing hands in the open market price at over Rs320.
