Islamabad :
Finance adviser Shaukat Tareen, while promising reduction in electricity and petrol prices, said that the dollar rate would be fixed in the next few days. The government will also introduce the SBP’s full autonomy bill in parliament next week along with the mini-budget.
According to details, while talking to Urdu News, he promised a reduction in the price of petrol and dollar. Therefore, inflation is not likely to increase.
He said that the government would also present a bill for full sovereignty of SBP in Parliament next week along with a mini-budget. And why the benefit is not being passed on to the people? In response to which he said that the reason is not to increase prices in the past.
We had not raised prices in the past either. You see, the price in India was Rs. 240 in terms of rupees. We had kept it at Rs. Petrol levy was also reduced because we did not want inflation to reach the people. Less
Twice in the last month, we have not increased the price of petrol. Now, as it gets lower and lower, you will see that we will also reduce it. I predicted the dollar to fall. He said that when the trade deficit increases, there is pressure on the rupee.
At that time the rate of dollar should have been 166, 168. This is the rate with real active exchange rate. What is seven or eight rupees, people in Afghanistan are opening their letter of credit etc. from here. Adding to our account.
They are putting pressure on us in the cryptocurrency market so it is also coming in our interbank market. In next few days you will see that we will fix the value of dollar. He said while talking about electricity prices. That the price of electricity has been increased for only one month through fuel price adjustment, it may decrease in future also.
