Exchan­ge rate is an econom­ic variab­le, cannot be adjust­ed on an indivi­dual's will, says financ­e minist­erFinance Minister Asad Umar on Thursday said the government is committed to making the country a welfare state and bringing an end to corrupt practices. “To serve justice, we should send those who are corrupt to jail.”“People ask me when the corrupt will be sent to prison,” Umar said while addressing a ceremony in Islamabad, adding that the people want accountability of the corrupt. Referring to the previous government, the finance minister said exports fell drastically from $25 billion to $21 billion due to fluctuation in the exchange rate. “Pakistan incurred a loss of Rs19 loss due to it.”“Exchange rate is an economic variable, and can’t be adjusted on an individual’s will,” the finance minister said further. “People would soon witness visible improvement.”Addressing the participants, Umar concluded by saying that he respects those who work for the betterment of the country and the welfare of its people.

Source: The Express Tribune December 13, 2018 06:45 UTC