Govt has no plans to devalue rupee: PM Abbasi
He was speaking at a meeting with stock brokers in Karachi
October 14, 2017
KARACHI: Prime Minister Shahid Khaqan Abbasi told stockbrokers on Saturday that his government has no plans to devalue the Pakistani rupee.
While talking in Karachi about the country’s economy, the premier said they would take relevant measures in order to eliminate the need to take loans from International Monetary Fund. He added the government does also not have any plans to go for another loan from IMF.
He said measures have been taken to boost exports, the volume of which will rise in the coming months.
Putting forward their issues before the prime minister, the stockbrokers asked for the revival of the capital market fund, which was formed by National Investment Trust in 2008 to support the falling share market. The broker also asked to be brought back in use the old tax structure of bonus shares and capital gains tax. They also demanded the government allows them to sell the stock exchange shares to foreign investors.
After listening to the issues, the prime minister announced setting up of a committee which would be chaired by Sindh Governor Muhammad Zubair and would solve the problems pertaining to stock brokers. Abbasi also assured to the stockbrokers of revisiting the taxes on the capital market.
