Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
PAKISTAN: Ishaq Dar, appointed on 28 Sept as the country’s finance minister for the fourth time, has made strengthening the rupee his “top priority”, saying he will not allow speculators to distort the exchange rate.
Dar has reportedly taken notice of banks opening LCs for importers at 5 to 8 PKR per USD more than the market rate and has ordered relevant authorities to investigate, vowing strict action against those bank officers responsible for such excesses.
