*LAHORE: Governor State Bank of Pakistan Tariq Bajwa breaks silence overthe Pakistani Rupee devaluation against US dollar.*
*He has said that the exchange rate moves on demand and supply in marketthus the rate of dollar related to the market conditions.*
Addressing a ceremony at introduction of the One-link system in PunjabRevenue Authority, the central bank governor said the digitization is thepart of the government plan, “We are moving towards all payments of amountsthrough digital online payment.”
He said the value of dollar is related with the market conditions addingthat Finance Minister Asad Umar was aware about devaluation of rupee.
The governor central bank said that only inflow of more dollars andimprovement in the economy will help to improve the standing of the rupee.
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The rupee has been under pressure, however, the concession in oil paymentscould help the Pakistani rupee, he said.
The SBP governor said that online payment of the sales tax will provebeneficial to the business community. The digital system of tax-paymentwill ensure a prosper Pakistan.
