Miftah Ismail declared steps to curb the outflow of foreign exchange from Pakistan through informal channels . The government is determined to maintain the rupee relative to the dollar stable without disturbing the market system .
Islamabad (Pakistan), May 15 : In a high-profile meeting on Saturday, Pakistan's Finance Minister Miftah Ismail declared steps to curb the outflow of foreign exchange from Pakistan through informal channels.Miftah Ismail said the government is determined to maintain the rupee relative to the dollar stable without disturbing the market system.According to a local newspaper, the exchange companies presented a series of plans to stabilize the forex market and improve Pakistan's foreign exchange position.During the meeting, firms promised that if the plans were implemented, the rupee value would increase to 14.6% in January 2020, which was confirmed by a local media report, which said that the average inflation rate for the country has risen to 10.26 percent.