Exchange firms willing to open LCs for imports at open market rates

Money dealers counts Pakistani rupees (R) and US dollars at a currency exchange in Islamabad, Pakistan, on March 12, 2014. (AFP/File)

January 8: Geo News reported Exchange firms on Saturday offered the government to pay for the opening of letters of credit (LCs) for imports as banks hesitate to do so due to a shortage of foreign reserves. Read More I