To safeguard the country's dwindling reserves, Pakistan's central bank recently placed restrictions on access to foreign currency. This as per recent reports has resulted in the emergence of a black market for dollars.
Pakistan's foreign reserves have reportedly plunged to a four-year low of $6.7 billion.
As per Bloomberg, on the surface, this hasn't impacted the exchange rates, but once you delve deeper you come face to face with the reality.