SBP working on exchange, interest rates for stability: says FinMin | The Express Tribune


Federal Finance Minister Muhammad Aurangzeb has stated that the State Bank of Pakistan is working on the exchange rate and interest rate, and the situation is expected to improve further.

The federal finance minister inaugurated the Job and Education Expo at the Expo Center, Karachi, organized by the Pakistan Hindu Council.

At the expo, around 120 stalls were set up by various institutions and companies for students.

Speaking to the media, Aurangzeb expressed gratitude to the organizers, saying that he had the opportunity to meet the country’s future leadership here. He noted that both public and private institutions were present at the job fair, but the absence of the corporate sector was felt.

He said that technology is the path to the future. Youth should work with their hearts and minds, and always strive for excellence.

Speaking about the Independence Day celebration of the “Marka-e-Haq,” the finance minister said that followers of all religions in the country commemorated it with great spirit.

Read: PM pushes for cashless, digital economy

He added that the corporate sector needs to step forward. Interest rate should not be made the single-point agenda.

There is no button for growth; the real thinking should be about sustainable growth. The role of the government is to provide an enabling environment.

Public-private partnerships are working successfully. We are moving toward the AI world, and there is no room for doubt that we must move forward.

The finance minister said that ups and downs keep coming, but talent remains unaffected. Economic stability has now been achieved in the country.

The three major rating agencies are positive about Pakistan. The State Bank is working on the exchange rate and interest rate, and as stability increases, the situation will improve further.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *