Shaukat Tarin hints at dropping dollar rates soon

Finance Advisor to Prime Minister Shaukat Tarin has given a hint of decreasing the rate of the dollar against the rupee soon.

According to the 24News HD TV channel, talking to media in Islamabad on Tuesday, the advisor said the dollar would fall after the agreement with the International Monitory Fund (IMF).

The finance advisor said that the IMF had called for five precautionary measures before the deal in which Pakistan had already increased electricity prices.

While he added that the bills related to eliminating tax exemptions and State Bank of Pakistan (SBP) autonomy had been prepared and the law ministry was finalizing the draft to move in the House.

Shaukat Tarin categorically clarified that the currency rate and monetary policy were the prerogatives of the SBP.