The Exchange Rate Continued Volatility on Monday Morning and All Through Monday

The exchange rate has become the lightning rod for anxieties that otherwise permeate Pakistan's economy. Oil marketing companies have been warning for a couple of weeks that they are having a hard time opening LC, securing supply and getting supplies into Pakistan. So it's a good place to keep an eye on whether or not this ship is stabilizing and finding calm waters. And once again, there was a blowout on the exchange rate. Once again, the financial markets pound stole that. Maybe the government will take cognizance of the fact that their own capital markets also saw renewed volatility today.