Chairman of Businessmen Panel (BMP), Mian Anjum Nisar has expressed hoped that now Pakistan Rupee will be stable after increasing in country's foreign reserves as 18th January 2019, liquid foreign reserve exchange position was $ 13.25 billion dollars officially quoted by SBP.
He said we appreciated the effort of Prime Minister Imran Khan and his dynamic efforts and due to support from our brotherly countries like Saudi Arabia and United Arab Emirates, our reserves is moving towards on comfortable position and now business community seeks some stability in Pakistan Rupee against dollar.
He said in last few months sudden depreciation in Rupee put business community in great confusion and now we hope some stability will prevail in exchange rate which is much required, "as Pakistani rupee was one of the world's worst-performing currencies last year, losing 26 per cent"
Similarly Pakistan has also received the third trenches of USD one billion from Saudi Arabia one day back. And USD one billion from UAE two days back also a good omen for country foreign reserves position Chairman BMP said at present, Pakistan faces a massive current account deficit which the government should striving to narrow down immediately and country will be likely to able cross its export target of $25 billion for the current fiscal year.
Further, China was also extending a helping hand to assist Pakistan in boosting exports by $1 billion through exports of Pakistan sugar and rice which is a good omen to strengthen country agriculture exports including lifting ban from Qatar on Pakistan rice will also helps to increase our export base. Anjum Nisar also said in the mini-budget or we can say PTI Economic Reforms Package, the sentiments of the business community have largely been positive and felicitated the government for presenting a pro-business budget.
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