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.”
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. That is what has now happened. #امپورٹڈ__حکومت__نامنظور
— Imran Khan (@ImranKhanPTI) May 13, 2022
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.
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
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.
