The trading halt is requested in light of the matters noted above, and Ruralco's concern that trading in Ruralco shares may occur while the market is not reasonably informed and that, as a result, there could be a false or
disorderly market in Ruralco shares.
'As a result of the demand supply gap in the foreign exchange market, the value of rupee depreciated by 13.7pc in FY18 and 24.1pc in FY19.' He said Pakistan's current exchange rate regime was flexible and market determined, adding that the State Bank of Pakistan was committed to addressing the
disorderly market behaviour.
The State Bank, however was committed to addressing
disorderly market behaviour, he said.
He said Pakistan's current exchange rate regime was flexible and market-determined, adding that the State Bank of Pakistan was committed to addressing the
disorderly market behaviour.
The statement emphasised that the exchange rate remains 'flexible and market determined that SBP stands ready to take action to address
disorderly market conditions in the foreign exchange market'.
Going forward, the SBP might intervene to prevent a possible overshooting or
disorderly market conditions, while at the same time not suppressing an underlying trend and in a manner consistent with rebuilding reserves.
A major structural shift is the adoption of a near-free floating exchange rate, with intervention limited to preventing
disorderly market conditions.
The authorities should continue to let the exchange rate move freely in line with market forces, with foreign exchange intervention limited to addressing
disorderly market conditions.
In sections on production, trade, the crown and the wool trade, and decline, she considers such aspects as estate accounts: monasteries and the production of wool, merchants and clothiers 1400-1560, the crown and the company of the staple 1399-1558, the activities of broggers and a
disorderly market in wool, and whether the wool trade made England rich.
Treasury estimated that Korea bought $10 billion worth of foreign exchange reserves from November 2017 to January 2018, and stated that Seoul "should limit currency intervention to only truly exceptional circumstances of
disorderly market conditions."
Moreover, Egypt's reserves currently approached the upper bound of the International Monetary Fund (IMF)'s reserve adequacy range--sufficient to reduce the likelihood of balance of payments crises and helps preserve economic and financial stability against pressures on exchange rates and
disorderly market conditions--which deems necessary solidifying investors' confidence, according to the IMF's second review report.
Impact on financial markets should not last beyond a few days and vowed to steadfastly pursue growth-oriented reforms agenda including early passage of GST Bill, while RBI Governor Raghuram Rajan promised to provide liquidity and correct any
disorderly market behavior, Finance Minister Arun Jaitley said.
