Rupee must be strengthened if imports reduced by $5bn: Shaukat Tarin
Pakistan
Rupee must be strengthened if imports reduced by $5bn: Shaukat Tarin
ISLAMABAD (Dunya News) - Former finance minister Shaukat Tarin on Sunday questioned Finance Minister Miftah Ismail, saying that if the imports of $5 billion were reduced, the rupee should have strengthened.
Taking to Twitter, Tarin wrote, “But the rupee is in a free fall. Reason because you have stopped all major imports. Banks are not opening/retiring elcees”.
While lashing out at Miftah, Tarin penned, “July has still not closed and yet you have announced reduced imports of $5bn as an achievement.”
— Shaukat Tarin (@shaukat_tarin) July 31, 2022
In another tweet, Tarin said, “There were no major oil imports in July as you did so in June (total imports of$7.9bn).”
Factories are closing, exports are tanking, Tarin concerned.
He said, “Despite all this pain with inflation at 38% IMF wants you to do more and sell your family silver at throw prices.”
Tarin concluded his tweet by asking the government to admit its failure and quit.
— Shaukat Tarin (@shaukat_tarin) July 31, 2022
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