Inflation to begin plummeting in few months: Reza Baqir

Inflation to begin plummeting in few months: Reza Baqir

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State Bank of Pakistan (SBP) Governor Dr Reza Baqir said that economic situation is improving and with the mobilization of national resources, private sector will be provided more relief more relief so that it could catalyze the country’s economy.

Baqir, addressing the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Thursday, emphasized the many steps taken to turn the shortfall into surplus and said in the first six months of the current financial year, the exchange rate had switched from a fixed to a market-driven regime.

He went on tosay that imports had dwindled while exports documented a mild growth and the SBP was hopeful that more facilities would be offered to the private sector.

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