In a rare admission, the adviser to prime minister on commerce has acknowledged that depreciation of the rupee has pushed up the rate of inflation in the country.

Speaking to media on Thursday after inauguration of the Textile Expo, organised by the Trade Development Authority of Pakistan (TDAP), PM Adviser Abdul Razak Dawood said there was no doubt that inflation had surged due to rupee depreciation.
“Inflation increased but exports did not grow at the pace they should have. Though exports increased in first two months of this calendar year, in March we witnessed the same old trend.”