Shahbaz says increase in dollar value could be a result of ‘secret agreement with IMF’

PML-N President and Leader of Opposition in the National Assembly Shahbaz Sharif. Photo: APP

ISLAMABAD: Leader of the Opposition in the National Assembly Shahbaz Sharif has criticized the current government’s economic policies, saying the rise in the dollar’s value “could be the result of a secret agreement with the International Monetary Fund (IMF).” geo news Reported on Monday.

Shahbaz said in an official statement that people are becoming poorer due to the increase in the value of the dollar but the government is insensitive to their misery.

“History is witness that any increase in dollar prices has always led to inflation in the country,” Shahbaz said, adding that the rulers have maintained a “criminal silence” on the rise in dollar prices, such as inflation. But his silence.

The Leader of the Opposition called the continued increase in dollar rates “disastrous” to the national economy and “dangerous” to national security and urged the government to notify parliament of the outcome of negotiations with the IMF if accompanied by The deal is done. t finished.

“There is something wrong with hiding the terms and conditions agreed with the IMF from Parliament,” Shahbaz said.

He said that the public is paying the price of accepting the conditions laid down by the IMF in terms of inflation and unemployment.

The rupee on Monday touched a new all-time low of Rs 174.43 against the US dollar in the inter-bank market in view of mounting pressure on import payments as well as uncertainty about delay in the IMF’s decision. $6 billion Extended Fund Facility (EFF).

Today, in the interbank market, the dollar has risen by Rs 0.43, while in the open market the value of the dollar has increased by Rs 1.20.

At present the dollar price in the open market is Rs 175.5.