• About Us
  • The TFT Story
  • Team
  • Write for TFT
  • Online advertisement tariff
  • Donate To Us
The Friday Times - Naya Daur
Tuesday, January 31, 2023
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us
No Result
View All Result
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us
No Result
View All Result
The Friday Times - Naya Daur
No Result
View All Result
Home News

Rupee Depreciation Has Benefitted Overseas Pakistanis: SBP Governor

"In every economic policy, there are some who benefit and some who don't," SBP Governor Raza Baqir said at a press conference in Manchester

News Desk by News Desk
October 21, 2021
in News
54
SHARES
Share on FacebookShare on Twitter

State Bank Governor Raza Baqir has said that the depreciation of the rupee has benefited overseas Pakistanis.

Addressing a press conference in Manchester, the SBP governor said Pakistan’s agreement with IMF would soon be made public and that no deal would be made that could further damage the economy. He added that 26 out of 27 FATF conditions would soon be fulfilled and Pakistan would be removed from the gray list.

The SBP governor also said that agreements like CPEC were also on the cards with other countries.

Commenting on the value of the dollar and the rupee, Baqir said that the devaluation of the rupee had benefited overseas Pakistanis.

“Overseas Pakistanis who are sending remittances home are benefitting. The amount they are sending home is increasing. Some people have of course suffered losses, but we should also keep in mind those who are benefitting. In every economic policy, some benefit, some lose,” he said.

He added that the GDP growth in the last financial year was about four percent. “This means that income of the people has also risen by four percent as compared to inflation.”

The SBP governor claimed that the inflation in Pakistan was artificial and will be under control soon.

He said that the country’s foreign exchange reserves are at the highest level in history.

 

Also Read:

Federal Govt Aims At Culminating Autonomy Of HEC

ECP Retains Ch Shujaat Hussain As PML-Q President

Tags: pakistan economyoverseas PakistanisgovernorinflationState bank of pakistanSBPRupee devaluationforeign exchange
Previous Post

Boiler Explosion In Lahore Factory: Passerby Killed, Manager Injured As CM Buzdar Orders Probe

Next Post

Mothers Of APS Martyrs Demand Accountability Of Security Officials

News Desk

News Desk

Next Post

Mothers Of APS Martyrs Demand Accountability Of Security Officials

Recent News

higher education commission

Federal Govt Aims At Culminating Autonomy Of HEC

January 31, 2023
Politics Of Agitation

Politics Of Agitation

January 31, 2023
Want A Sculpted Body? Here Are The Nine Foods To Eat

Want A Sculpted Body? Here Are The Nine Foods To Eat

January 31, 2023

Twitter

Newsletter



Donate To Us

The Friday Times – Naya Daur

THE TRUTH WILL OUT


The Friday Times is Pakistan’s first independent weekly, founded in 1989. In 2021, the publication went into collaboration with digital news platform Naya Daur Media to publish under a daily cycle.


Social Media

Latest News

  • All
  • News
  • Editorials
  • Features
  • Analysis
  • Lifestyle
higher education commission

Federal Govt Aims At Culminating Autonomy Of HEC

by News Desk
January 31, 2023
0

Despite facing hindrances from all the stakeholders of...

Politics Of Agitation

Politics Of Agitation

by Jafar Husain
January 31, 2023
0

In 1920, Gandhi launched his Non-Cooperation Movement against...

Social Feed

  • About Us
  • The TFT Story
  • Team
  • Write for TFT
  • Online advertisement tariff
  • Donate To Us

© 2022 All Rights Reserved.

No Result
View All Result
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us

© 2022 All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist