State Bank of Pakistan (SBP) Governor Reza Baqir said on Thursday that the country was going through economic difficulties, however, efforts being put in by the government would soon bring stability to the country, a private media house reported.
Addressing a congregation, the SBP governor said, “The current account deficit had reached an unprecedented level but the policies set in motion and the solution being enacted upon by the government would put the country back on the path of prosperity.”
He apprised the attendees that the financial crunch was due to the exchange rate not meeting the requirements of supply and demand.
Baqir claimed that the current account deficit conundrum was now in a much better state and remained mostly under control.
“We initiated an austerity campaign bearing in mind the economic issues we face,” he stated, lauding the prime minister for initiating austerity measures in state institutions.
The whole narrative seem empty slogans without any facts and figures to justify economic revival. Rupee is depreciating against dollar day by day.
Jam tomorrow or results when?
It’s a kios all around be it banking, industry, traders, consumers etc etc, situation is getting bad to worse daily, a common man does not see good prospects till this govt is around. Relief should be transferred to common man soonest before matters get worse.
I am really surprised to see them all with claims to get good results.But why do not they speak out with figures and a planning.They all come from business schools are are aware of the presentations and programs with factual notes n figs.Here it is lip service but no hard work.Why ???????????
Mr Governor walk the talk. Don’t give statements siting in ivory towers while the poor citizens suffer.