Pakistani rupee stable, current account deficit in surplus: Abdur Razzaq Dawood

KARACHI (92 News) – Adviser to Prime Minister for Commerce Abdur Razzaq Dawood said that the Pakistani rupee has stabilized and the current account deficit is in surplus. Addressing the Pakistan Edible Oil Conference in Karachi on Saturday, he admitted that the inflation and interest rate are at a high level. “The agriculture field faces more challenges as compared to the industry. I will not tell a lie. Presently the local production has increased to 16 percent from eight percent. The local production will touch 25 percent in year,” he added. He said that the government is getting an access to foreign markets for increasing exports. Abdur Razzaq Dawood said that the import will reduce after three years. “We lack patience. We are introducing long-term policies,” he said. He said that problems of gas and electricity for industries seek solution. “The gas supply to Punjab had resumed,” he added.