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Free fall of rupee: Economists and journalists came hard on Finance Minister

Maryam Nawaz should ask Ishaq Dar to apologize

After the free fall of rupee in interbank and open market, economists and analysts exploded against Finance Minister Ishaq Dar for artificially blocking value of dollar for 4 months and delaying IMF program for 3 months.

Former Chairman FBR Shabar Zaidi, Economic Analysts Uzair Younis, Khurram Hussain and Ismail Khan have severely criticized Finance Minister Ishaq Dar.

Senior journalist and economic analyst Khurram Hussain wrote in his tweet that “time has come for the Muslim League-N to admit that Miftah Ismail was absolutely right.

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By postponing IMF program for 3 months at such a critical time, incalculable damage has been done and There was no point in delaying. If Pakistan had followed IMF program, dollar would not have reached this high level today.

Former Chairman FBR Shabarzedi said that official price of Pakistani rupee has decreased by more than 24 rupees, is it not time for us to come to our senses.

He said that this is a slap on face of intellectually corrupt economists, who were saying that everything is fine and Pakistan is doing very well. He said, “How will the poor survive with 35 to 40 percent inflation?”

One man’s ego and belief in cuckoonomics brought economy to brink.

unwinding of Dar Peg will inflict unimaginable trauma on ordinary citizens; it’ll be exponentially costlier than Khan’s petrol subsidy!

Razir Younis of economic analysis called Ishaq Darki’s economic policy dangerous with Imran Khan’s petrol subsidy and demanded his resignation. Azeriyounes wrote in his tweet that one man’s ego and belief in kokonomics brought economy to the brink of collapse.

One man’s ego and belief in cuckoonomics brought the economy to brink.

unwinding of the Dar Peg will inflict unimaginable trauma on ordinary citizens; it’ll be exponentially costlier than Khan’s petrol subsidy!

He said that common man will get an unimaginable shock when truth of Ishaq Dar is revealed. It will be much more expensive than Imran Khan’s petrol subsidy, he said that Ishaq Dar must resign and never become Finance Minister.

Senior journalist Ismail Khan criticized Ishaq Darka without naming him in his tweet and wrote that whoever said he knows how to negotiate with IMF needs to reconsider his attitude. will go down throat, he should apologize to Miftah Ismail.

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