Zafar Paracha

Zafar Paracha

General Secretary Pakistan

Zafar Paracha serves as the General Secretary of the Exchange Companies Association of Pakistan, where he plays a significant role in overseeing the operations of currency exchange firms in the country. He has been vocal about the challenges facing the Pakistani rupee, particularly in relation to increased dollar outflows and the impact of foreign investment repatriation on the local currency's stability.

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Recent Mentions

Pakistan Pakistan: Zafar Paracha, Secretary General of ECAP, highlighted the growing role of exchange companies in supporting the country’s exchange rate stability. 8

Dawn – Pakistan’s oldest and most widely read English daily, est. 1941: Exchange firms bring in $5bn remittances in FY25 - Business

Pakistan Pakistan: Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan, stated that there is no shortage in the open market. 6

Dawn – Pakistan’s oldest and most widely read English daily, est. 1941: Dollar shortage spurs exchange rate volatility - Business

Pakistan Pakistan: Zafar Paracha, representing the open market, dismissed concerns of panic regarding dollar demand pressure. 5

Dawn – Pakistan’s oldest and most widely read English daily, est. 1941: Importers struggle for dollars despite higher inflows - Business