Asad Umar refutes speculations of discussion with IMF over exchange rate

He said Dar was spreading false news after causing immense damage to the economy.

(Web Desk) – Finance Minister Asad Umar has refuted speculations that discussions with the International Monetary Fund (IMF) regarding exchange rate were underway.

He took to Twitter – following Ishaq Dar’s recent criticism on measures being taken by the ruling PTI government to resolve economic issues of Pakistan – as a response by stating that former finance minister Ishaq Dar “should have some mercy on Pakistan’s economy.”

He said Dar was spreading false news after causing immense damage to the economy during his four years tenure in the government.

Ishaq dar should have some mercy on Pakistan s economy. After causing immense damage to the economy in his 4 years in Govt, he is now spreading false news to cause destabilization. No exchange rate target is even under discussion with IMF, let alone be committed https://t.co/XKgjjoo6O3

— Asad Umar (@Asad_Umar) April 3, 2019

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.”