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ISLAMABAD: Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday slated the federal government over massive depreciation in the value of the Pakistani Rupee against the US dollar, saying Sharifs only expertise is plundering and money laundering.
According to Imran Khan, the Rupee has fallen to 224 against the US dollar despite the agreement with International Monetary Fund (IMF).
“When US regime conspiracy’s [Vote of No-Confidence] was tabled [dollar] was at Rs 178,” the former PM wrote in his tweet.
The nation will hold accountable all those responsible for regime change conspiracy & bringing Pakistan to this sorry state of affairs.
— Imran Khan (@ImranKhanPTI) July 19, 2022
“The economic meltdown shows Sharifs never had any expertise in running economy or administration. Their only expertise is looting, money laundering [and] getting NROs,” the PTI Chairman added.
He further said that the nation will hold accountable all those responsible for regime change conspiracy and bringing Pakistan to this sorry state of affairs.
It is worth noting that US dollar soared to highest-ever value of Rs221.99 as Pakistani rupee slumped by Rs6.79 against the greenback. Meanwhile, the Pakistan Stock Exchange’s (PSX) KSE-100 index dropped nearly a thousand points.
Earlier, in another setup to Pakistani economy, international credit rating agency Moody’s changed Pakistan’s credit rating to B3 negative despite acknowledging Pakistan and the International Monetary Fund (IMF) staff-level agreement. This setup to the Pakistan’s economy came hours after another US credit rating agency Fitch demoted the outlook for Pakistan’s economy from stable to negative.
The credit rating agency warned that soaring global inflation could result in social and political risks in the country.
It also said that the provision of subsidy on power and fuel, and refusal to collect petroleum levy caused difficulties for the national economy.
