Warning for Pakistanis Buying Iranian Rial: IRR to PKR Today

Currency pros sound alarm for Pakistanis snapping up Iranian rials chasing fast cash – it might blow up in their faces.

US-Iran strains have flipped Pakistan’s forex scene: Folks ditch dollars for rials.

Data shows pre-tension, 1 crore IRR fetched ~Rs2,500. Now? Rs10,000 – quadrupled.

Exchange Companies Association of Pakistan chair Malik Bostan told press investors pile in, betting on more jumps if US-Iran talks pan out or sanctions lift.

But Bostan urges ditching pure hunches – no sure bet on rial climbs.

Big swings often prompt countries to scrap big bills, wiping out holdings.

Bostan: Pakistani sellers get rials for Iran exports, flip ’em local; buyers grab for imports. Pros say dive in blind during chaos = high risk.