President urges citizens to buy local goods over imported

President implores nation to consider upsurge on Pakistani rupee


News Desk December 02, 2018
President Arif Alvi. PHOTO: NNI

President Arif Alvi on Sunday urged citizens to support the country through economic crises and avoid using imported products.

Rupee’s fall should not panic anyone: PM Imran

In a tweet, the president implored the nation to consider the upsurge on Pakistani rupee. He stated that "we must try to avoid luxury goods and avoidable imported purchases".



He further added: "If you put your mind to it there is a long list of daily use imported products. This is what we must do together."

Rupee closes at all-time low of 139.05 in inter-bank market

Finance Minister Asad Umar on Friday said the federal government will no more artificially control the currency value, which analysts read as the beginning of the implementation of prior actions suggested by the International Monetary Fund for a bailout package.

The rupee weakened 3.8 per cent and closed at an all-time low of Rs139.05 to the US dollar in the inter-bank market on Friday. In the early hours of the day, the rupee hit an intra-day record low of Rs144 to the greenback.

COMMENTS (2)

Farooq Ahmed Khan | 5 years ago | Reply We have to become patriotic by changing our attitudes such that we help our local companies and products, the only way to progress and strengthen our economy
Dr. Asjad Iqbal | 5 years ago | Reply Doesn't the government understand that it should keep all expenses under control not just foreign expenditures. What was the need for buying more jets for PIA with Dollars when it hasn't shown it can run the airline? What was the need for donating 5 billion rupees to an NGO? It wasn't essential expenditure like life saving medicines or food for people living in starvation like condition in Tharparkar.
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