Abb Takk News

Shahbaz Expresses Serious Concerns Over Record Devaluation In Rupee

LAHORE: Opposition Leader in National Assembly (NA) Shahbaz Sharif has expressed serious concerns over the record Rs three devaluation of the country currency.

In his statement issued today,President of Pakistan Muslim Leaguef-Nawaz (PML-N) said that the government and State Bank of Pakistan have completely failed to take care of the economy while it
will burden the already in crisis people of the country.

Shahbaz Sharif said that he had warned the government of its economic polices disastrous impact on the economy.

He said that the government reduced marked up rate from 13.25 to 12.5 then further slashed it from 12.5 to 11 while it proved that the reduced rates by the SBP was not enough and the step brought destruction in the economy instead of promised positive results.

Shahbaz said that he had identified hot money earlier adding that the government was supposed to provide a relief to masses instead it is tightening economic snare around the people neck.

The government should take wise and serious decisions for the destruciton made to the economy due to the coronavirus, he added.

He said that wrong decisions at wrong time can be result into disaster.