ISLAMABAD: Finance Minister Asad Umar rebutted a news item about discussing exchange rate target with the International Monetary Fund.
“No exchange rate target is even under discussion with the IMF.”, he said. In his tweet, the minister said former finance minister Ishaq Dar should have some mercy on Pakistan’s economy.
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He accused Dar of spreading false news after causing immense damage to the economy during his four years tenure in the government.
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.” (INP)
