MULTAN – Pakistan foreign minister Shah Mehmood Qureshi has responded overthe media reports of Rs 1 crore bounty on Navjot Singh Sidhu head.

Qureshi said that Rs10 million bounty on Navjot Singh Sidhu s head isregrettable, adding that the former Indian cricket star tried to resolve anold issue.

To a question, Qureshi said that the reports of changing the portfolios ofminister were rumours.

He went on to say that when the PTI came to power, economic situation wasdire and financial and trade deficits had reached at a staggering level.However, Finance Minister Asad Umar took the bull by the horns and madecorrective measures to manage the finances.

“Readjustment in currency valuation will have a positive impact on ourexports,” he said and added many economic experts were of the same opinionthat devaluation of rupee will help increasing exports by staying incompetition at international level.