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Federal govt has no plan to devalue currency, says Dar

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Federal govt has no plan to devalue currency, says Dar

ISLAMABAD, Pakistan: The federal government has no plan to devalue the currency while presently the country’s foreign exchange reserves are $14 billion, the federal finance minister Ishaq Dar told newsmen.

In a press conference held in Islamabad on Wednesday, Dar said that efforts are being made to improve the taxation system. He said that budget deficit has been reduced from 8.8 to 8.2 percent.

The finance minister said that all major international financial institutions are willing to work with Pakistan.

Ishaq Dar said that foreign remittances were registered as $15.83 billion with an increase of 7.13 percent.

The minister said that performance of private sector has improved while 4,587 companies were registered in corporate sector.

Asad Haroon
A netpreneur, blogger and above all; A Human 🙂 Asad tweets from @aghaasadharoon and can also be approached on Google+

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