Govt not involved in rupee devaluation: PM

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  • Prime minister says he found out about the dollar hike through television

Prime Minister Imran Khan said on Monday that the State Bank of Pakistan (SBP) did not inform the government before devaluing the rupee last week, adding that the government is now working on a mechanism to ensure this does not happen in the future.

In a meeting with TV anchors and reporters in Islamabad, the PM spoke about the country’s economic and security situation, saying, “I found out about the dollar hike through television.”

The government is now working on a mechanism under which the SBP cannot devalue the currency without taking the government into confidence first, the PM said.

“Earlier when the price of dollar touched a record-high against the rupee, I was not informed beforehand. The central bank had devalued the currency and it’s an institution which overlooks these matters,” he added.

The PM on the occasion also told the media that he received a letter from US President Donald Trump earlier today. “In the letter, Trump has asked Pakistan to play its role in Afghan peace talks which are aimed at catalysing an end to the 17-year invasion of Afghanistan by US troops,” the PM added.

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