The government has given additional charge of DG (Debt) policy co-ordination of Finance Ministry to Zafar Sheikh, who is also holding the office of DG Central Directorate of National Savings (CDNS). Zafar Sheikh, while talking to media person here on Wednesday, said that Finance Minister had given him the mandate to stabilise exchange rate, reduce cost of borrowings and promote remittances in order to avert balance of payment crisis.
He said that Finance Ministry would assist State Bank of Pakistan (SBP) to stabilise exchange rate because weakening of rupee would have devastating impact on the country's economy.
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