ISLAMABAD: Minister of State for Finance and Chairman Board of Investment, Saleem H. Mandviwalla here on Friday said that government was taking all possible measures to stop speculation and down slide of rupee for strengthening its value against the dollar.
The Minister visited the Pakistan Bureau of Statistics after assuming the charge of his office today where he was briefed about the working and data collection process of the bureau.
Due to the measures taken by the government rupee value against dollar was getting strengthening adding that it would further improve during the coming days, he added.
He said that government was expecting US$ 600-700 million from US under head of Coalition Support Fund (CSF) which would also help in strengthening rupee value in the country.
Salmeem Mandviwalla said that government was also striving to action 3rd Generation Spectrum (3G) license as soon as possible by keeping all transparency measures.
Replaying to a question, the minister said that decision to approach International Monitory Fund (IMF), any fresh programme was not taken yet, however any decision in this regard would be taken by observing the international economic situation for the stabilization and development of our economy.
He said that government was determined to enhance overseas workers remittances upto US$ 20 billion which was currently stood at US$ 13.5 billion by taking different steps and facilitating them which would help to stabilize current account and trade account of the government.
The minister said that PBS was playing a vital role in policy making and determining the market mechanism in the country adding that it would be developed further and make an independent organization by allocating more resources for transparent data collection to prepare future polices for the country.
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