Governor State Bank of Pakistan Raza Baqir has said that the economy was on right track before the COVID-19 pandemic and that State Bank has taken various measures against coronavirus.
Speaking exclusively in Aaj News talk show Rubaroo, Raza Baqir said the recent rise in inflation is temporary due to supply disruptions.
He said that SBP has taken several measures to protect the economy against coronavirus. The current account deficit has been reduced to $ 3 billion dollars from $ 13 billion, he added.
He said that demand is not the cause of the recent rise in inflation, it is due to supply disruption.
He said that the funds Pakistan received from friendly countries have been spent on payment of the debt.
"کورونا پوری دنیا کیلئے بڑا چیلنج ہے، کورونا آیا تو اسٹیٹ بینک نے بہت سے اقدامات اٹھائے۔۔۔" کیا اقدامات اٹھائے جانیئے راضا باقر کیا کہتے ہیں
— Aaj News Urdu (@aaj_urdu) July 10, 2020
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