The US Dollar is expected to fall significantly against the Pakistani Rupee following a crackdown on currency smugglers, according to Malik Bostan, Chairman of the Exchange Companies Association of Pakistan (ECAP).

Speaking on a TV program, Bostan predicted that the dollar could drop to Rs. 280 and potentially as low as Rs. 270 in the coming days. He also addressed recent concerns about dollar availability, stating that the issue has now been resolved and that dollars will be easily accessible at exchange companies.

Crackdown on Black Market Trading
The remarks come after Reuters reported that a senior official from Pakistan’s intelligence agency met with currency exchange companies earlier this week to address the rupee’s decline. The meeting has reportedly led to a crackdown on black market dollar trading, which had been contributing to the rupee’s depreciation.

Diverging Analyst Predictions
While Bostan remains optimistic about the rupee’s recovery, some analysts have a more cautious outlook. In a recent poll, a majority of analysts predicted the rupee would trade between Rs. 285-290 by December 2025. However, a minority believe the currency could slide to over Rs. 300 against the dollar by the end of the year.

The crackdown on illegal currency trading and improved dollar availability are expected to stabilize the rupee in the short term, but long-term trends will depend on broader economic and policy developments.