Rs800bn profit to country's economy after dollar depreciation: Ishaq Dar
ISLAMABAD: Federal Finance Minister Ishaq Dar said depreciation of dollar against rupee has profited Rs 800 billion to country’s economy, ARY News reported on Wednesday.
Addressing a press conference at his office, finance minister said there was a significant increase in GDP ratio in last eight months. He added that economic development ratio will remain 4.5 percent in the ongoing fiscal year.
Dar said IMF had also acknowledged those statistics concerning our economy. He said exchange reserves were currently pitched at Rs 10 billion, which will surge to Rs 16 billion by the end of current fiscal year.
He said 37% increase was also witnessed in stock market performance.
“Appreciation of rupee will also bring down prices of petroleum products.”