Federal Finance Minister Senator Ishaq Dar says that this value of the dollar is not real.
Talking in Geo News program Capital Talk, he says that speculators and Handi plays a good game. I have done all the calculations. This value of dollar is not real. The real value of dollar is below 200 rupees.
The host asks him that the dollar is going down continuously since you come back. Will you take it below 200 rupees? On which the Federal Minister of Finance says that unfortunately it happens in all countries that some people are speculating and some people psychologically understand that the dollarization of the economy will start.
He says that the value of the dollar is market-based, it does not mean that speculators and smugglers should sink the country in thousands of billions to make their few crores. I have done all the calculations, this value of the dollar is not the real effective exchange rate.
Yes, speculators and Handi plays well. I am stating with great confidence that the real value of the dollar is below 200 rupees. Insha Allah the dollar will come below 200 rupees.
Ishaq Dar says that the value of rupee is improving every day since last Monday. Although, the dollar is very strong globally. But I will bring it down under my policies.
He further says that due to the depreciation of the rupee then inflation increased. That was the reason due to which Imran Khan’s team had to increase the interest rate. Before the covid-19, the State Bank’s policy rate was 13.75 percent.
The loans are piling up, it was a manufactured disaster. It was an inexperienced team, their lofty claims were false.
He says that where would you have sat in the premium club of the world as a nuclear power as the 18th largest economy in the world? By 2025 or 2026, Pakistan would have been a member of the premium club where the world’s 20 largest economies sit. Where the world’s financial decisions are made.