Inflation still within govt target: Kamal

Finance Minister AHM Mustafa Kamal has said that the point-to-point general inflation still remains within the target of the government as the overall inflation in the country has not increased.

He made the statement while replying to queries from virtually after chairing two separate meetings of the Cabinet Committee on Economic Affairs (CCEA) and the Cabinet Committee on Government Purchase (CCGP) on Wednesday.

Acknowledging that price of commodities has been rising in the international market alongside fuel prices, he also informed that the price of the US dollar witnessed some fluctuations in the local market since it is not fixed.

The minister said that as the US dollar price depends on the demand and supply. If the demand is more than supply, the price will increase.

Replying to another question, Kamal said that as a development partner, the International Monetary Fund (IMF) can give suggestions to the government, but they cannot give any directive to the government to take any decision.

"They (IMF) are associated with our economy and they can make suggestions, but our economy doesn't allow currency pegging as it is already market based in our country," he added.