Islamabad October 3 2022: Pakistan Rupee soon will be below level of 200 against the dollar says Pakistan's newly appointed Finance Minister.
He added, " We have to kick out speculators from the market, at the moment the value of Rupee could not be determined through Real Effective Exchange Rate (REER). There are several other means to determine the value of currency."
"In every case, value of Rupee is less than 200 but i could not disclose its right value now. We will bring it through fundamental changes rather than artificial measures." he states.
Ishaq Dar was speaking to a private TV channel today evening here at Islamabad.
Finance Minister said, "Pakistan Bureau of Statistics is an independent institution and values provided by them is for sure right. However, i have asked them to share the details on the matter of inflation numbers."
Pakistan Rupee appreciate PKR 1.14 or 0.51 percent in interbank to close at 227.29 against yesterday closing of 228.45. In the last seven consecutive session rupee gains PKR 12.42 or 5.2% from recent low of 239.71.