ANL 35.31 Decreased By ▼ -0.69 (-1.92%)
ASC 14.75 Increased By ▲ 0.05 (0.34%)
ASL 26.00 Increased By ▲ 0.30 (1.17%)
AVN 89.10 Decreased By ▼ -0.40 (-0.45%)
BOP 7.77 Increased By ▲ 0.03 (0.39%)
BYCO 10.05 Decreased By ▼ -0.03 (-0.3%)
DGKC 122.65 Decreased By ▼ -1.15 (-0.93%)
EPCL 58.20 Increased By ▲ 0.05 (0.09%)
FCCL 23.88 Decreased By ▼ -0.17 (-0.71%)
FFBL 28.75 Decreased By ▼ -0.40 (-1.37%)
FFL 15.63 Decreased By ▼ -0.12 (-0.76%)
HASCOL 9.60 Decreased By ▼ -0.05 (-0.52%)
HUBC 79.14 Increased By ▲ 0.39 (0.5%)
HUMNL 6.41 Decreased By ▼ -0.03 (-0.47%)
JSCL 20.80 Decreased By ▼ -0.40 (-1.89%)
KAPCO 39.90 No Change ▼ 0.00 (0%)
KEL 3.78 No Change ▼ 0.00 (0%)
LOTCHEM 16.60 Decreased By ▼ -0.08 (-0.48%)
MLCF 46.00 Decreased By ▼ -0.31 (-0.67%)
PAEL 35.56 Decreased By ▼ -0.09 (-0.25%)
PIBTL 10.34 Increased By ▲ 0.12 (1.17%)
POWER 9.28 Increased By ▲ 0.09 (0.98%)
PPL 85.90 Decreased By ▼ -0.33 (-0.38%)
PRL 24.72 Decreased By ▼ -0.18 (-0.72%)
PTC 9.90 Decreased By ▼ -0.01 (-0.1%)
SILK 1.26 Increased By ▲ 0.02 (1.61%)
SNGP 41.63 Decreased By ▼ -0.37 (-0.88%)
TRG 165.10 Increased By ▲ 1.80 (1.1%)
UNITY 30.40 Increased By ▲ 0.02 (0.07%)
WTL 1.56 Increased By ▲ 0.02 (1.3%)
BR100 4,874 Increased By ▲ 12.26 (0.25%)
BR30 25,700 Increased By ▲ 11.25 (0.04%)
KSE100 45,306 Increased By ▲ 75.45 (0.17%)
KSE30 18,538 Increased By ▲ 28.18 (0.15%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,982
11024hr
Pakistan Cases
745,182
536424hr
Sindh
270,963
Punjab
261,173
Balochistan
20,662
Islamabad
68,665
KPK
103,419

ISLAMABAD: Prime Minister Imran Khan Monday said the Pakistan Tehreek-e-Insaf’s (PTI) government had successfully set the future direction for the accomplishment of its economic and administrative policies under its 100 days agenda and its effects would be felt by the countrymen soon.

The prime minister assured the nation that the economic indicators of the country would flourish in the coming days, strengthening the rupee against US dollar, with diverse investment by the foreign investors.

During an interaction with a number of senior anchorpersons from different news channels, he maintained that plummeting of Pak rupee against US dollar was a temporary phase and adjustment done by the State Bank of Pakistan, which would be over soon. There would be no shortage in the flow of dollars in shape of foreign investment soon.

The reason could be attributed to demand and supply of the dollar and the public speculations in the market which added to the rupee’s depreciation, he added.

He said the government was making efforts to make the institutions autonomous, so that they could take their decisions strictly in accordance with laws and referred to the step taken by the SBP. He said the government wanted that the institutions should be autonomous to deliver on their targets.

The step was also taken to secure the foreign exchange reserves of the country and control the fiscal deficit, whereas, the previous government invested 7 billion dollars to artificially keep the price of rupee afloat, he added.

The prime minister said the PTI government had inherited mutli-dimensional challenges left behind by the previous regimes, including massive fiscal deficit of 19 billion dollars.

He said due to the PTI government’s efforts for the economic turnaround, the increase in the exports and remittances through legal channels was being witnessed.

The foreign companies were eyeing huge investment in diverse fields, he said, referring to the investment of Exxon Mobil, Pepsi and Coca colas, besides upcoming Chinese investment.

The prime minister said China had attracted investment by creating export zones and the PTI government was emulating the same model in Pakistan.

He said the government was also tightening the noose around money launderers with strict laws as reportedly the money laundering volume from the country amounted to 10 billion dollars per annum.

 

Copyright APP (Associated Press of Pakistan), 2018