State Finance Minister Rana Muhammad Afzal has said that dollar value of PKR 115 is closer to the equilibrium, which would help in increasing exports and controlling widening current account deficit. He further said that it is unlikely that dollar value will reach PKR 120 and is expected to range between PKR 112 – PKR 115. But govt. and SBP would not intervene in the market. The Minister further said that foreign exchange reserves held by the SBP are around $ 12Bn. Meanwhile, the govt. has to repay $ 3Bn against previous loans and interest payment before Jun.’18.