By the end of October, the dollar will reach 200 rupees

 By the end of October, the dollar will reach 200 rupees

 The drop in the dollar will increase the rate of inflation to 12 to 14 percent, the drop in the value of the dollar will also affect the prices of commodities and energy. Interview by Finance Minister Ishaq Dar.

 Federal Finance Minister Ishaq Dar said that the dollar will reach 200 rupees by the end of October, the inflation rate will increase to 12-14 percent due to the fall of the dollar. He said on Sama News that if the dollar goes down, the dollar can go down by 24 rupees in 24 days. By the end of October, the dollar will fall to 200 rupees. It will affect prices, the fuel we produce will also have an effect, currently inflation is 23, 24% including imported inflation, I think the weakening of the dollar will have a big impact on the rupee. It is highly hoped that it will bring up to 12 to 14 percent.

 In addition, Finance Minister Ishaq Dar presided over a meeting on foreign exchange challenges, participants were informed about the problems faced by the business sector in connection with imports and exports. The meeting was held. Secretaries including Shahid Khaqan Abbasi, Ayesha Ghos Pasha and Mossadegh Malik attended the meeting.

 At the meeting, information was heard about the situation of demand and supply of gas in winter. Methods of gas supply for domestic and industrial consumers and ways to reduce the outage were considered, meeting participants were informed about the problems faced by the business world in connection with import and export, with the aim of facilitating import and export for the business community. Methods were discussed.

 In addition, the Director of the Asian Development Bank met with the Minister of Finance Ishaq Dar. Ongoing projects of ADB in Pakistan were discussed in the meeting. The finance minister expressed gratitude for the assistance provided by ADB after the floods. The finance minister appreciated the Asian Development Bank's announcement of a $1.5 billion loan for Pakistan. Finance Minister Ishaq Dar said ADB's assistance to Pakistan in this difficult time is commendable.