There is no scope to reduce expenditure, revenue must be increased: Governor State Bank

There is no scope to reduce expenditure, revenue must be increased: Governor State Bank


The decrease in remittances from overseas has come due to inflation there: Jameel Ahmed – Photo: File

Governor State Bank Jameel Ahmed has said that there is no scope to reduce expenses, income must be increased while the dollar rate difference will end only when the IMF program is completed.

Talking to Geo News program Aaj with Shahzeb Khanzada, Jameel Ahmed said that the market is expected to be normal after the completion of the IMF program.

He said that the difference in the dollar rate will end only when the IMF program is completed, the current account deficit will be less than 10 billion dollars due to the decrease in imports, the decrease in remittances from overseas is due to inflation there.

He said that the banks have been instructed to clear the backlog of imports at the port.

Governor State said that taking difficult decisions today will improve tomorrow, there is no scope to reduce expenses, income will have to increase, growth will be less than two percent.




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