Asad Umar rebuts news of exchange rate discussion with IMF

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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.

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.”

The post Asad Umar rebuts news of exchange rate discussion with IMF appeared first on ARYNEWS.

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