Positive signs: Price stability top priority, says Dar

The finance minister said that the impact of rupee appreciation will be realised in market prices.

ISLAMABAD:

Finance Minister Ishaq Dar said on Tuesday that price stability throughout the country was always the top priority of the government. He said this while chairing the National Price Monitoring Committee (NPMC) meeting at the ministry.

Dar informed the meeting that the government has taken a number of steps to reform the economy and now there were positive signals of improvement. He said that the International Monetary Fund, in its second review, acknowledged that economic growth was picking up and inflation was coming down.

“Our macroeconomic indicators are showing positive direction as remittances have increased by 11%, revenues by 17%, exports by 6%, the Pakistani rupee appreciated by 7% and foreign exchange reserves are also improving,” he said, adding that the impact of rupee appreciation will be realised in market prices.

Published in The Express Tribune, March 26^th, 2014.

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