Says actual value of rupee is less than 200 against dollar and it will be brought down as it\u2019s currently undervalued
\nISLAMABAD
\nFinance Minister Ishaq Dar Monday accused PTI Chairman Imran Khan of destroying the economy and assured the masses that he would bring the dollar value below 200 with the help of his policies.
\n\u201cThe actual value of the Pakistani rupee is less than 200 against the greenback and it will be brought down as it is currently undervalued,\u201d he said during Geo News\u2019 programme \u201cCapital Talk.\u201d
\nHe mentioned that the dollar value is strong internationally, but \u201cwe will bring it down below 200 against our currency soon.\u201d
\nSince Dar was sworn in on September 28, the seasoned politician and chartered accountant faces the daunting task of stabilising an economy that has for months been in a tailspin, facing multiple threats of high inflation, a widening current account deficit and falling reserves.
\nHe has strongly favoured intervention in currency markets in three previous stints in the job and is also expected to strengthen the currency which closed at Rs227.29 against the US dollar today.
\nDar\u2019s warning to Imran Khan
\nThe finance minister went on to say that Khan\u2019s speeches at his public gatherings reflect his frustration, saying that \u201cdeals and favouritism\u201d are part of Khan\u2019s fate.
\n\u201cKhan contested the elections by cracking deals and staged demonstrations by cracking deals,\u201d he said, lambasting the PTI chief for holding Islamabad hostage for 126 days which delayed the China-Pakistan Economic Corridor (CPEC) project.
\nWarning him of serious repercussions, Dar urged Khan to take him seriously and stay within his limits.
\n\u201cKhan and his entire team are obsessed with me because they fear that we [PML-N] will stabilise the economy of Pakistan once again as we did back in 2013,\u201d he said, reiterating his suggestion that the country needs a charter of the economy.
\n\u201cThe Pakistan Bureau of Statistics (PBS) is an independent institution and it does not involve in manipulative activities,\u201d he said while replying to a question regarding the PTI leader Hammad Azhar accusing Dar of manipulating the economic data.<\/p>\n","protected":false},"excerpt":{"rendered":"
Says actual value of rupee is less than 200 against dollar and it will be brought down as it\u2019s currently undervalued ISLAMABAD Finance Minister Ishaq Dar Monday accused PTI Chairman Imran Khan of destroying the economy and assured the masses that he would bring the dollar value below 200 with the help of his policies. […]<\/p>\n","protected":false},"author":2,"featured_media":287207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[181,1925,722],"class_list":{"0":"post-287180","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news","8":"tag-dollar","9":"tag-ishaq-dar","10":"tag-rupee"},"yoast_head":"\n