ISLAMABAD: Prime Minister Imran Khan on Saturday said value of the Pakistani currency had increased by four rupees against dollar.
“During the last four months, Current Account Deficit has come to an end and as a result of this, value of rupee has increased by four rupees,” PM Khan said in a post on his Facebook account.
The economic progress had been achieved because of the measures taken by the government to stabilize the economy, he said. “I am proud of my economic team.”
Pakistan's stock market surged by 30 percent or almost 10,000 points during the previous three months.The development comes as a result of measures taken by the government to stabilise the economy.
The prime minister said country’s stock market had surged by 30 percent or almost 10,000 points during the last three months.
He has also convened the Pakistan Tehreek-e-Insaf (PTI)’s core committee meeting on Sunday in Islamabad.
Value of the PKR has improved by 10 paisa in interbank in the outgoing week as dollar has decreased from 155.39 to 155.29 rupees.
According to the report, value of rupee remained stable in the open market during this week as dollar maintained its value at Rs 155.40.
Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Saturday said the government was taking all important steps to control inflation and improve economic growth rate of the country.
Talking to a private news channel, he said the government had minimized overall expenditure, because of which the economy was moving on the right direction.
Expressing concerns over flaws in the policies of the previous governments, Dr Abdul Hafeez Shaikh said time would be required to rectify these policies.
The finance advisor said the stock exchange and foreign direct investment in the country were increasing while exports were also moving up because of better policies and direction set by the government.
He said the Federal Board of Revenue had made improvement in collection of taxes.