All possible steps will be taken to control the value of the dollar, the finance minister said
Islamabad: Federal Finance Minister Muftah Ismail has said that all possible steps will be taken to control the value of dollar and increase the value of rupee.
A statement issued by the Ministry of Finance said that an important meeting was held under the chairmanship of Finance Minister Muftah Ismail in which the heads of major exchange companies of the country besides the Deputy Governor State Senior officers of Bank and Finance Division participated.
On the occasion, the Finance Minister said that the government is committed to ensure stability in the country’s forex market and to take all possible steps to keep the Pakistani rupee stable against the US dollar without interfering in market processes. Is committed to
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The meeting also proposed to facilitate exchange companies to increase the flow of remittances in Pakistan. The meeting also proposed a number of measures to curb the outflow of foreign exchange from Pakistan through informal channels, while some other concrete proposals and practical measures were put forward by the exchange companies to improve the foreign exchange position in Pakistan.
The exchange companies assured that if these measures are implemented, the value of Pakistani rupee will stabilize. Finance Minister Muftah Ismail expressed the government’s firm commitment to ensure exchange rate stability in the country.
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He assured the participants that all possible steps would be taken to safeguard and strengthen Pakistan’s economy, which would result in appreciation of the Pakistani rupee. He further said that the present government is committed to make Pakistan a prosperous and developed country.