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Economic Stability Will Return By July, Rupee Will Settle Down At Same Time: PM Khan

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Prime Minister Imran Khan on Friday said that economic stability will return by July 2019 in Pakistan and that the value of the rupee will also settle at the same time.

“Economic stability will return by July [2019] and the rupee will settle down at the same time,” Syed Mazhar Ali Nasir, the adviser to the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) president, quoted the prime minister as saying.

Khan said that the stabilization of the economy will be followed by steps to promote domestic industries so that substitutes to import items could be made. Khan also emphasized on the policy to boost exports.

The prime minister was accompanied by Sindh Governor Imran Ismail and Adviser to the PM on Commerce and Industries Abdul Razak Dawood.

Another participant of the meeting said PM Imran had conceded that his government had unnecessarily delayed entering the IMF loan program and that had created a period of prolonged economic uncertainty in the country.

PM Khan also emphasized that there was a need to support small and medium scale industries in the country since the sector helps boost the economy and provide tons of employment opportunities.

The premier also asked the business community to play its role in pulling the country out of its financial crisis and alleviating poverty.

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