KARACHI: State Bank of Pakistan Governor Reza Baqir hints at good news forPakistanis in coming days.
State Bank of Pakistan (SBP) Governor Reza Baqir on Thursday said that thecountry would witness a decline in inflation from the upcoming months.
“With a decline in inflation, its affects on the market will also bewitnessed in the days to come,” he said while addressing the CEO Summit inthe city.
The SBP governor said that interest rate would also reciprocate withdeclining inflation and would also go down in the coming days.
“We are hoping for an improvement in the situation ahead as the situationhas witnessed a turnaround from the past,” he said and added that currentlythe foreign reserves are witnessing a surge along with the stability in therupee value.
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Reza Baqir said that now no one could predict an increase in dollar rate.“Our current account deficit and financial debts have also witnessed adecline,” he said and added that the number of challenges facedlink by the economy have decreased.
He further said that with the current improving situation, no one could saythat the country is going towards default.
On February 12, Prime Minister Imran Khan said that the government isstriving hard to provide maximum relief to masseslink despite thedifficult situation.
