Zafar Paracha
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 news mentions
Zafar Paracha, Secretary General of ECAP, highlighted the growing role of exchange companies in supporting the country’s exchange rate stability.
Exchange firms bring in $5bn remittances in FY25 - Business
Pakistan· 2025-07-06Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan, stated that there is no shortage in the open market.
Dollar shortage spurs exchange rate volatility - BusinessPakistan· 2025-06-23
Zafar Paracha, representing the open market, dismissed concerns of panic regarding dollar demand pressure.
Importers struggle for dollars despite higher inflows - BusinessPakistan· 2025-06-05
Zafar Paracha is the General Secretary of the Exchange Companies Association of Pakistan.
Rupee dips to Rs281 vs dollar in interbank - BusinessPakistan· 2025-03-15