Finance minister was aware of devaluation of rupee: SBP Governor
Concession in oil payments could help the Pakistani rupee stabilize
LAHORE (Dunya News) – State Bank of Pakistan (SBP) Governor Tariq Bajwa on Sunday said that Finance Minister had knowledge of increase in dollar.
Talking to media after inaugurating the Punjab Revenue Authority’s facility of online sales tax payment, he hoped that the price of Pakistani rupee against dollar would stabilize as the remittances increase.
Responding to a question, Bajwa said that the finance minister was aware of devaluation of rupee, Asad Umer had also explained this.
The central bank governor said that increase in remittances and concession in oil payments could help the Pakistani rupee stabilize.
Bajwa went on to say that the Supreme Court’s abrogation of mobile phone tax affected the tax net.
