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Asad Umar never said the dollar will touch Rs160

SAMAA | - Posted: Apr 5, 2019 | Last Updated: 12 months ago
SAMAA |
Posted: Apr 5, 2019 | Last Updated: 12 months ago
Asad Umar never said the dollar will touch Rs160

Finance Minister Asad Umar has denied saying that the dollar will touch Rs160. 

According to the State Bank, the value of the rupee has not fallen, he said. Speaking to the media in Islamabad,  he said they went to the IMF for a $2.5 billion deficit. The previous deficit is also the cause of the dollar rising in the country, he explained.

However, the finance minister said the current account deficit is reducing and has become 8.5% now. We have controlled the eight-month deficit in the accounts, he claimed.

Related: Dollar crosses Rs143 mark in the open market

 He said the current account deficit has decreased and is now $360 million.

Umar denied saying that the dollar will touch Rs16o and said the IMF has not given any dollar-related conditions.

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