Tuesday, August 9, 2022

Political upheaval is the reason for the devaluation of the rupee: Finance Minister

Finance Minister Miftah Ismail has said that there is no secret that the political situation of the country has a big hand in the devaluation of the rupee in the last 2 days.

While giving a press conference in Islamabad, the Finance Minister said that the dollar is not only the currency of Pakistan, but it is flying high compared to the currency of the whole world. has increased more than due to which all currencies have lost value.

He said that due to high imports, there was pressure on the rupee in the last 6 months. In the last 3 months, we tried to reduce the imports. But its imports rose 120 percent last month due to rising energy prices.

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