Some people benefitting from rising dollar value: SBP governor

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MANCHESTR: State Bank of Pakistan Governor Raza Baqir has said that the rise in the value of the dollar is harming some people while benefiting others.

Speaking at a press conference here, he said that those who are benefiting from the rise in the value of the dollar should not forget.

He said that when Pakistanis abroad send money to their families, their money goes up as the value of dollar goes up.

He said that the rise in exchange rate has also increased the prices of commodities, but the depreciation of the rupee has also benefited overseas Pakistanis.

The SBP governor said that artificial inflation in Pakistan will be brought under control soon. We will not enter into any agreement with the IMF that will harm the country’s economy, he cleared.