Pakistan warns against FX speculation

The rupee has been under pressure due to increased US dollar demand from importers, particularly for oil payments as prices rose internationally. The rupee weakened 0.5% to 69.2500 versus the dollar on Thursday (May 15), against the month's strongest value of 63.5350 on April 15.

Dar said that, on May 13, speculators were treating the economy and the country like "playthings". He added: "They should stay away from these anti-state activities. The government will take stern action against these

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