Had warned ‘neutrals’ of economic tailspin, if imported govt took reins: Imran
Marriyum holds former prime minster Imran responsible for rupee’s freefall
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Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan criticising the coalition government said that rupee at all time low Rs193 against US dollar reflected lowest ever confidence in imported government, saying he warned the ‘neutrals’ of possible economic meltdown in case of ‘conspiracy’ succeeded against his government in the form of no-confidence motion, reported 24NewsHD TV channel.
Imran Khan in a tweet compared the incumbent interest rate in country from 1998. He tweeted, “Interest rates at 15% highest since 1998; stock market down 3,000 pts or 6.4 percent.’
Commenting on the bloodbath at the stock market, Imran Khan said that Pakistan Stock Market (PSX) lost Rs604 billion capitilisation.
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.— Imran Khan (@ImranKhanPTI) May 13, 2022
Imran in a tweet said that inflation rose to 13.4 percent highest since January 2020.
The former prime minister believed that currency devaluation and record downward trend at the PSX along with record inflation are because incumbent coalition did not come up with the market awaiting policies and actions.
“Imported government has failed to provide. Both myself and Sahukat Tareen had warned the warned the "Neutrals" that if conspiracy succeeded our fragile economic recovery would go into a tailspin. That is what has now happened.”
Federal Information Minister Marriyum Aurangzeb has said that former prime minister Imran Khan is responsible for the freefall of the Pakistani currency as he has brought Pakistan on the verge of economic disaster.
Ms Aurangzeb was reacting to the tweet posted by former information minister and PTI leader Fawad Chaudhry.
In his tweet, Fawad Ch said: “The whole so-called government is sitting in London. Here the rupee has gone to Rs 193 per dollar. There is no government in the country. Water is not available in Punjab. Kharif crops are being destroyed. Stop this joke “
پوری نام نہاد حکومت لندن بیٹھی ہے یہاں روپیہ 193 روپے فی ڈالر پر چلا گیا ہے ملک میں کوئ حکومت نہیں پنجاب میں پانی میسر نہیں خریف کی فصلیں تباہ ہو رہی ہیں یہ مذاق بند کریں عبوری حکومت بنائیں اور انتخابات کرائیں #الیکشن_کراو_ملک_بچاو https://t.co/SZtvLPhnVt— Ch Fawad Hussain (@fawadchaudhry) May 13, 2022
Giving her reaction to Chaudhry's tweet, Ms Aurangzeb said that it was Imran Sahib who sealed the agreement with the IMF. The poor people are bearing the brunt of this agreement in the shape of skyrocketing inflation, she added.
Ms Aurangzeb reminded the former premier that to put the country’s economy and public interest at stake was tantamount to treason.
The information minister also lashed out at Imran Khan for political instability prevalent in the country these days. She deplored that in order to save his failed politics, Imran froze the POL prices thus causing irreparable loss to the country’s exchequer.
“Imran has mounted on a container to conceal his anti-economy crimes,” Ms Aurangzeb alleged adding that Imran should not raise a den, rather he should answer the people regarding inflation which his government had unleashed in the country.
Separately, PML-N leader Javed Latif said that the objective of Imran Khan was to weaken the country’s economy and state institutions.
“What Imran Khan is saying these days, it is not good for Pakistan,” Latif said adding that the former PTI premier was trying to flare up civil war in the country.
He said the government was not afraid of general elections but ‘we first want election reforms before polls’.
The PML-N leader was of the view that nobody could bring forth change by holding public rallies. He said that the government was cleansing the dirt of the last four years created by the PTI government.
Reporter Kifayat Ali Shah