Mettis Global News
Mettis Global News
Mettis Global News
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No target of PKR/USD exchange rate is envisaged: Finance ministry

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ISLAMABAD, March 22: The ministry of finance Friday clarified that no target for PKR/USD exchange rate had been envisaged and that the speculations in this regard being spread on social media were totally baseless and unfounded.

“The State Bank of Pakistan (SBP) economic models point to the real effective exchange rate at equilibrium value,” a finance ministry statement quoted its spokesperson Dr Khaqan Najeeb as saying.

He said the government had managed to ensure balance of payment stability with a fall in current account deficit and foreign financing availability.

He said discussions with international partners did not entail any target level of exchange rate and focus of the government was on further strengthening the exchange rate regime, aligning it and keeping it consistent with the evolving macro economic fundamentals of the economy.

 

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Posted on: 2019-03-23T09:20:00+05:00

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