PAKISTAN “MUST MAINTAIN HER CURRENCY VALUE”
AUCKLAND, This Day (P.A.).— Pakistan did not devalue its currency when Britain did because it must industrialise to prosper. “We are largely dependent on the United States to supply machinery,” the Trade Commissioner for Pakistan, Mr K. H. Rahman, explained when he arrived in the Monowai today on a goodwill visit to New Zealand. “If we are to get a balance of trade with the hard currency areas we must maintain our currency,” he added. “We are eager to help Britain but in this case it was impossible.”
The volume of trade between New Zealand and Pakistan was small, but very much in New' Zealand’s favour. He added that the devaluation of New Zealand currency was an advantage to Pakistan.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19491004.2.9
Bibliographic details
Greymouth Evening Star, 4 October 1949, Page 2
Word Count
126PAKISTAN “MUST MAINTAIN HER CURRENCY VALUE” Greymouth Evening Star, 4 October 1949, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in