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Appreciation of rupee earns govt Rs800bn: Ishaq Dar

Appreciation of rupee earns govt Rs800bn: Ishaq Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that depreciation of dollar against Pakistani rupee has profited Rs 800 billion to country’s economy.

Addressing a press conference at his office, finance minister said that there was a significant increase in GDP ratio in last eight months. He added that economic development ratio will remain 4.5 per cent in the ongoing fiscal year.

Dar said that IMF had also acknowledged those statistics concerning our economy. He said exchange reserves were currently pitched at Rs 10 billion, which will surge to Rs 16 billion by the end of current fiscal year. He said 37% increase was also witnessed in stock market performance.

“Appreciation of rupee will also bring down prices of petroleum products,” Dar informed.