Dar says country is facing difficult challenges but these will be tackled as was done in past
ISLAMABAD: Federal Minister Ishaq Dar Wednesday said that economic revival, stabilising the local currency and reducing inflation and interest rates were among the top priorities of the coalition government.
Talking to journalists upon arrival at the Finance Ministry, Ishaq Dar said that the speculators will not be allowed to play with the local currency.
“No one will be allowed to play with the Pakistani currency,” he said.
Responding to a question, he rejected the impression that the PML-N government in its tenure between 2013 and 2018 injected dollars into the market to keep the rupee overvalued. The minister said they rather took the foreign exchange reserves to a record level of $23 billion.
He maintained that the government believes in a market economy, recalling it was the PML-N government which introduced market-based exchange rates.
Dar said the country was facing difficult challenges but these will be tackled as was done in the past.
Earlier, he expressed satisfaction over the appreciation of the rupee over the last two days. The PML-N leader said that the PML-N-led government had also saved the country from default in 2013.