Pakistan IT companies to quote prices in US dollars amid currency fluctuation

Thursday 3 October 2019 | 09:42 CET | News
Pakistan's largest IT infrastructure companies have decided to quote prices in US Dollars considering the recent economic shifts Pakistan has been going through. According to CMC Pakistan, the decision follows "the recent economic conditions due to which the whole industry has suffered heavily on account of rupee devaluation". Pakistan's IT Infrastructure industry depends heavily on the imports and exchange rates. As all domestic companies import their services and products in USD and pay in PKR, "they are facing huge losses because the exchange rate is fluctuating and the difference is

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Categories: Fixed
Companies: CMC
Countries: Pakistan
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