Pakistan's financial woes end soon, Governor SBP
Business

Pakistan’s financial woes end soon, Governor SBP

Pakistan’s financial woes end soon, Governor SBP

SBP Governor Raza Baqir says Pakistan’s financial woes are about to end. Things will soon be the same as they were before Corona.

“We are going through a historic economic crisis. If interest rates were not low, people would be in trouble. Inflation has nothing to do with rising demand. We have controlled rising prices.” 

SBP Governor Raza Baqir said that the increase in foreign exchange was due to a reduction in current account deficit. The more money the friendly countries give, the more they return in debt. Interest rates have been reduced to 7%.

Governor SBP termed Corona as a big challenge and said that many people lost their jobs when Corona came. The closure of restaurants and shopping centres affected income. However, the SBP scheme managed to control unemployment.

SBP Governor Raza Baqir says the economy was improving before Corona arrived. The SBP has taken several steps to save the economy from Corona. The current inflation is due to supply constraints. The current account deficit was reduced from 13 billion to 3 billion. Pakistan’s financial woes are about to end.

Advertisement

Dr Raza Baqir said that SBP had taken several steps to save the economy. The SBP governor said that as much money was returned to repay loans from friendly countries. He said that the current inflation has nothing to do with the demand. Inflation came due to supply constraints. Dr Raza Baqir said that SBP would continue to take steps for economic recovery after reducing the current account deficit to 3 billion.

Government easing regulatory sanctions on the economy

Pakistan’s financial woes end soon, Governor SBP, Pakistan’s financial woes end soon, Governor SBP, Pakistan’s financial woes end soon, Governor SBP, Pakistan’s financial woes end soon, Governor SBP, Pakistan’s financial woes end soon, Governor SBP.

Pakistan’s financial woes end soon, Governor SBP
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

To Top
kaçak iddaa siteleri