The Governor State Bank of Pakistan (SBP) Reza Baqir while addressing a press conference in Manchester has said that Inflation in Pakistan is artificial and will be put under control soon.
The Governor SBP said that the prices of commodity products were increased in Pakistan due to the rise in exchange rates, added that buyers of imported goods were affected more by inflation.
Reza Baqir said that it should be kept in mind that the devaluation of rupee has benefited overseas Pakistanis.
While talking about the International Monetary Fund (IMF), Reza Baqir said that negotiations with the fund are heading in a positive direction, “The deal with the IMF will be made public and added that no deal will be struck with the IMF that will further damage the country’s economy.
The SBP governor while speaking on the Financial Action Task Force’s action plan, said that Pakistan implemented almost all the FATF’s action plan.
It must be noted that Governor State Bank of Pakistan (SBP) Reza Baqir earlier had said that Pakistan’s negotiations with the International Monetary Fund (IMF) are moving forward in a positive direction.
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