Currency traded at Rs119.84 at close in the inter-bank market, down 3.65%

SBP says market forces determining inter-bank rate

Precious metal at Rs57,600 per tola, lower than current year’s peak of Rs60,250

Cotton seeds have been planted over 2.31m hectares, 22% short of target

SECP says it is giving last opportunity for complying with regulations

People made 196.2m transactions worth Rs11.9tr through e-banking in Jan-Mar quarter

Non-filers of income tax returns have been barred from investing in property above Rs5m

Currency comes under pressure due to hoarding, heavy demand for foreign currencies

It will protect depositors, compensate them in case of failure of financial institutions

Total off-take shows growth of 27% year-on-year to 558,000 tons