ISLAMABAD – The State Bank of Pakistan (SBP) has taken am importantdecision over the issue of rupee devaluation.
SBP has decided to seek guidance from the government before adjustment ofrupee’s value in future, sources said a meeting of Monetary and FiscalPolicies Coordination Board decided on Friday.
The board held the meeting to review the current state of Pakistan’seconomy, with Finance Minister Asad Umar in the chair. The sources said themeeting justified recent hike in the value of US dollar against rupee.
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The meeting decided the authority to ascertain the value of rupee willremain with the central, however, it will seek government’s guidance inthis regard.
