No discussion with IMF on rupee devaluation, Umar claims


Finance Minister Asad Umar on Thursday 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,” Umar tweeted.

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.

Ishaq Dar had alleged that the PTI government has assured the fund of devaluing the 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.”