No further rupee devaluation likely: Asad Umar
No further rupee devaluation likely, says Asad Umar.
KARACHI (Dunya News) – Finance Minister Asad Umar said that no further rupee devaluation is likely and rumours should not be spread as they damage the market, Dunya News reported on Friday.
Addressing a gathering at the Pakistan Stock Exchange through video link, the finance minister said economic stability is government’s foremost priority.
He maintained that companies with large setups are present in Pakistan but they are only fulfilling the domestic needs. The collective value of Pakistan’s economy is $300 billion, he said.
The finance minister stated that we have to transform our laws for international investments. Economic stability requires practical steps and the incumbent government is working hard to achieve the goals, he added.
Asad Umar urged the industrialists to invest in the market and advised all to not waste money by buying dollars.
Businessmen and stock directors attended the gathering.
