Islamabad (Web Desk): Former prime minister and PTI chairman Imran Khan has said that he and former finance minister Shaukat Tarin had warned the “neutrals” that if conspiracy against PTI-led government succeeded fragile economic recovery would go into a tailspin.
“Market awaiting policy & action, which Imported Govt has failed to provide. Both myself & Shaukat Tareen had warned the “Neutrals” that if conspiracy succeeded our fragile economic recovery would go into a tailspin,” the former premier said in a tweet and added, “That is what has now happened.”
The PTI chairman said, “Rupee at all time low Rs193/$ (from Rs178/ on 8March); Interest rates at 15% highest since 1998; stock market down 3,000 pts or 6.4%; stock market lost Rs604 billion capitalisation; Inflation 13.4% highest since Jan 2020”. “Reflects lowest ever confidence in Imported government,” he maintained.
The downtrend in the Pakistani rupee continued as the currency fell by over Re1 against the US dollar during intraday trading in the interbank market on Friday.