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Political anarchy is reason behind depreciation of rupee in two days: Miftah Ismail

Political anarchy is reason behind depreciation of rupee in two days: Miftah Ismail
July 20, 2022 Web Desk

ISLAMABAD (92 News) – Finance Minister Miftah Ismail has said that the political anarchy is the main reason behind depreciation of rupee in two days.

Addressing a press conference on Wednesday, he said that the government had tried to reduce imports in April and it started yielding positive results. "The current account deficit has reduced to a significant level due to increase in the imports and remittances," he maintained.

Earlier in a tweet, he said that there has been 20 percent reduction in imports during current month as compared to corresponding period last year.

He also appreciated State Bank of Pakistan's measures in this regard.