ISLAMABAD – Prime Minister, Imran Khan has responded over the issue ofrecent hike in US Dollar.
He said on Friday that people should not worry about the recent hike in USDollar price against Pakistani rupee saying, his government was takingsteps to ensure that a shortage of dollars would not exist in the future.
Addressing a ceremony to announce the launch of a car manufacturing plantby JW Forland, the prime minister spoke expressed he was getting phonecalls about the recent devaluation of Pakistani currencylinkasthe dollar climbed an all-time high of Rs142 in the interbank.
“I want to tell everyone not to worry about the dollar hike. There is anadjustment taking place. We are taking steps which will ensure that therewon’t be a shortage of dollars in Pakistan,” Khan told the audience.
The prime minister highlighted that Pakistan’s biggest problem was theensuing current account deficit which stood at almost $18.5 billion addingthat the government was tasked with overcoming the deficit.
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“When there is pressure on the dollar, the exchange rate increases,” thepremier explained.
Prime Minister Khan stressed there was a need for a change in mindset,emphasising that his government had made investment easier as it createsjobs and brings dollars in the country.
