ISLAMABAD: Finance Minister Asad Umar has rebutted a news item about discussing exchange rate target with the International Monetary Fund, ARY News reported on Thursday.
“No exchange rate target is even under discussion with the IMF.”
In his tweet, the minister said former finance minister Ishaq Dar should have some mercy on Pakistan’s economy.
Ishaq dar should have some mercy on Pakistan’s economy. After causing immense damage to the economy in his 4 years in Govt, he is now spreading false news to cause destabilization. No exchange rate target is even under discussion with IMF, let alone be committed https://t.co/XKgjjoo6O3
— Asad Umar (@Asad_Umar) April 3, 2019
He said Dar is spreading false news after causing immense damage to the economy during his four years tenure in the government.
Read more: Dollar crosses Rs141 mark in inter-bank market
Ishaq Dar had alleged that the PTI government has assured the fund to devalue rupee against the dollar as per their demand.
While expressing regret over the situation, he determined the cause of recent inflation as “poor economic policies.”
