Summary The minister took notice of the issue four days after Rupee fell by over three percent
ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar has summoned a report from Governor of State Bank of Pakistan (SBP) on Sunday to explain the sudden dip in value of Rupee within ten days.
The minister took notice of the fall in the currency against United States (US) Dollar by more than three percent on July 5.
Last month, Dar had rejected perception of immense increase in foreign debts and said that at least 147 budget recommendations were forwarded to planning division.
He said that budget deficit is to be cut to four percent from the previous eight percent.
He let it out that the ministry was working towards ninth financial award which would soon be finalised. He pointed out that the government in the past followed the practice of rubbishing the recommendations filed by parliamentary parties unlike the incumbent government of Pakistan Muslim League-Nawaz (PML-N).
The finance minister had made the claim days after federal budget for the financial year 2017-18 was laid out by him the National Assembly.
