State Bank of Pakistan Governor Reza Baqir has defended the rupee devaluation saying it benefited overseas Pakistanis and claimed that inflation in Pakistan was artificial. His statement comes as the PTI government forms price control committees and mulls a targeted subsidy on petrol. Reza Baqir spoke to journalists in Manchester in the UK. He said inflation in Pakistan is artificial and will be controlled soon. Baqir said rising exchange rates had pushed up prices in Pakistan. However, in the same breath, the SBP governor defended the rupee devaluation, saying it benefited overseas Pakistanis.
Talks Between IMF and Pakistan Ongoing: Finance Ministry newsweekpakistan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweekpakistan.com Daily Mail and Mail on Sunday newspapers.
A video of State Bank of Pakistan Governor Reza Baqir being chased by London-based Pakistani journalists has gone viral. The video shows Baqir apparently evading questions about rising inflation in Pakistan. However, the SBP governor did speak about Pakistan-IMF talks and inflation during his brief engagement with journalists in London. He said Pakitan-IMF talks progressed in the right direction. He also quoted IMF’s Middle East and Central Asia Department Director Jihad Azour, who said on Tuesday that the talks had come to a
Market watch: KSE-100 soars on progress in IMF talks tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.