Finance Minister Asad Umar on Tuesday attempted to sooth the unnerved investors, reassuring that the balance of payment issue for the current fiscal year has been resolved.
Addressing a moot in Islamabad, the Minister said that all fundamental economic indicators are now showing improvement due to the prudent policies of the incumbent government.
He rejected the notion that the country is facing an economic crisis, saying that those spreading rumours were hurting the country.
Asad Umar statement came in the wake of uncertainty in the financial markets triggered by the steep fall of Pak Rupee against the dollar.
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Regarding the Rupee devaluation, the minister said that the PKR was depreciating against the greenback since the start of this years. The Rupee has so far lost over 30 percent of its value against the dollar.
He said that the independence of the central bank would be protected.
The Prime Minister during a panel interview with senior TV anchors at PM House had said that the government had asked the central bank to intimate the government before taking any decision on Rupee devaluation.
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The Prime Minister Imran Khan had told the anchorperson that he was unaware of the SBP move to devalue the currency against the US dollar.
The premier said although the SBP was an autonomous body, he had asked the authorities that no such decision be taken without taking the government into confidence first.
