ISLAMABAD: Miftah Ismail, the federal minister of finance and revenue, said on Wednesday that Pakistan has been working to maintain an ideal level of foreign exchange reserves despite flood damage in order to guarantee exchange-rate stability and keep inflation under control.
The minister stated that the recent floods had resulted in significant human casualties and financial devastation during a meeting with a delegation from Coca Cola Icecek Pakistan, led by its General Manager Ahmet Kursad Ertin.
He claimed that the government was reducing unneeded imports, per a press release from the finance ministry.
He gave the delegation’s members the reassurance that their pending issues will be resolved as soon as possible while taking into account the allowed import budget. He was also appreciative of the company’s expansion and tax income production.