Sharifs, Dar ‘economic hitmen’ for Pakistan: Imran Khan


ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Wednesday termed former finance minister Ishaq Dar and Pakistan Muslim League Nawaz’s (PML-N) leadership “economic hitmen” for Pakistan after the rupee’s value hit rock-bottom last week.

Retweeting a Bloomberg report which analysed the devaluation of Pakistani rupee twice in four months, Khan tweeted,”This exposes all the lies and propaganda about the economy spewed by Dar and the Sharifs through billions worth of ads. Reveals how they did the job of economic hit men on Pak by making the country sink into the worst ever debt trap.”

On March 20, the rupee depreciated Rs7.5 against the US dollar to Rs118.0 in the inter-bank market, reaching a record low.

The Bloomberg report on Tuesday stated, “Pakistan is depleting its dollar reserves at the fastest pace in Asia and may soon have a buffer that’s smaller than Cambodia, an economy that’s less than a 10th of its size. Reserves have dropped by about a fifth in the past year to reach $13.5 billion in February, according to data from the International Monetary Fund. Pakistan’s reserves are expected to drop as much as $2.2 billion by June.”