AGL 5.33 Decreased By ▼ -0.17 (-3.09%)
ANL 8.50 Increased By ▲ 0.01 (0.12%)
AVN 75.83 Increased By ▲ 0.03 (0.04%)
BOP 5.18 Decreased By ▼ -0.06 (-1.15%)
CNERGY 4.43 Increased By ▲ 0.01 (0.23%)
EFERT 81.90 Increased By ▲ 0.27 (0.33%)
EPCL 49.30 Decreased By ▼ -0.40 (-0.8%)
FCCL 12.55 Decreased By ▼ -0.24 (-1.88%)
FFL 5.58 Increased By ▲ 0.08 (1.45%)
FLYNG 6.78 Increased By ▲ 0.05 (0.74%)
FNEL 4.76 Increased By ▲ 0.06 (1.28%)
GGGL 9.05 Increased By ▲ 0.63 (7.48%)
GGL 14.76 Increased By ▲ 0.81 (5.81%)
HUMNL 6.15 Increased By ▲ 0.07 (1.15%)
KEL 2.58 Increased By ▲ 0.02 (0.78%)
LOTCHEM 27.63 Decreased By ▼ -0.02 (-0.07%)
MLCF 23.45 Decreased By ▼ -0.34 (-1.43%)
OGDC 71.25 Increased By ▲ 0.15 (0.21%)
PAEL 15.13 Increased By ▲ 0.10 (0.67%)
PIBTL 4.88 Decreased By ▼ -0.02 (-0.41%)
PRL 15.63 Decreased By ▼ -0.35 (-2.19%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.84 Increased By ▲ 0.02 (0.23%)
TPL 7.15 Increased By ▲ 0.07 (0.99%)
TPLP 19.37 Increased By ▲ 0.11 (0.57%)
TREET 20.90 Increased By ▲ 0.05 (0.24%)
TRG 135.84 Decreased By ▼ -0.76 (-0.56%)
UNITY 16.31 Decreased By ▼ -0.24 (-1.45%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 4,154 Decreased By -3.7 (-0.09%)
BR30 15,315 Decreased By -24.6 (-0.16%)
KSE100 41,601 Decreased By -50.9 (-0.12%)
KSE30 15,375 Decreased By -5.5 (-0.04%)

Rupee, inflation, interest rates top wily Dar’s agenda

  • Says PTI-led government brought country to such a pass, which in his opinion, no enemy country can do
Published September 29, 2022
Follow us

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday said that the country is currently facing the worst economic crisis owing to the mismanagement of the previous Pakistan Tehreek-e-Insaf (PTI) government.

Talking to reporters after he surrendered himself before Accountability Court in the assets beyond means case against him and others, he said that the PTI-led government has brought the country to such a pass, which in his opinion, no enemy country can do.

He further said that the PTI government violated the international agreements to take political mileage. No government could go as far as the PTI did, he said.

The finance minister said that our currency does not deserve to be there where it currently is. “I believe some speculators who had been playing the game have now stopped this game”, he said, adding that before I landed here, they had started going in a good direction.

Dar said that our second priority is to bring inflation and interest rates down. We will review the economy, he said.

To a question, he said that his party did not believe in a deal or any such arrangements. “From those who are saying that I returned to the country as a result of a deal ask why they cancelled my passport.”

'Times have changed now': Experts weigh in as Dar set to make comeback as finance minister

When he was asked that you said that for God’s sake let the country proceed, to whom you are giving this message, he said that he is giving this message to Imran Khan and his party.

To another question, he said his predecessor Miftah Ismail did everything he could to fix the economy. He said that it was because of the efforts of former finance minister Ismail that the country averted default. The mess of four years could not be cleared in six months, he said.

Dar said that he did not have a passport for four years during the PTI-led government. He claimed that the PTI after they came into power cancelled his passport which seemed its priority. The PTI-led government also put his name on the passport control list and later directed all embassies and high commissions to ensure that a passport is not issued to him, he said.

He said that he was issued a passport two months ago after the coalition government came into power and then he had planned his return to the country.

About the case against him, he said that it is fake. The actual case was that he had not filed tax returns from 1981 to 2001. He never delayed filing tax returns in his life, he said. He said that the ministers of the previous government used to make tall claims every day that they would bring Dar back to the country through Interpol within two months or three months. “But, it could not happen because I had submitted all the tax return proofs there and it was a big slap across the face of Imran Khan’s government. Interpol categorically said that they found nothing against Ishaq Dar”, he said.

Dar said that a false case was filed against him by the PTI government and his passport was cancelled. “The dramas like Panama Papers have taken back the country; therefore, for God’s sake let the country proceed,” he said.

Interior Minister Rana Sanaullah and PML-N leader Tariq Fazal Chaudhry accompanied Dar.

Earlier, he appeared before Accountability Court-I judge Muhammad Bashir and surrendered himself before it. During the proceeding, the judge asked him where was he all this time. He replied that he was out of the country for medical treatment and despite ill health, he wanted to return to the country but the previous government cancelled his passport due to which he could not return. Now he has received a passport and he returned to the country, he said.

The court issued notice to the National Accountability Bureau (NAB) over the application of cancelling Dar’s arrest warrant and adjourned the hearing till October 7.

The court observed that the application will be heard along with the NAB’s assets reference.

Copyright Business Recorder, 2022


Comments are closed.

khurram sarwar Sep 29, 2022 11:13am
We have seen how wily or witty he in an interview with BBC We as a nation need to promote Made in Pakistan and and Switch to Local Alternatives to expensive and Luxury Imports Unless we change that .... How anyone can help...... is beyon me
thumb_up Recommended (0)
shehzad Sep 29, 2022 12:34pm
article heading not matching with its main body please improve
thumb_up Recommended (0)
Bilal Sep 29, 2022 12:49pm
Daronomics is totally based on how to raise political capital for themselves and their financiers. How on earth by reducing interest rate at this time, when G20 central banks are raising it to control inflation. SBP is doing exactly and started 9 months back to support rupee too. Save pakistan from the mindset which is tested and trialed. These short term measures will brought us further down.
thumb_up Recommended (0)

Rupee, inflation, interest rates top wily Dar’s agenda

Electricity bills: PD says doesn’t want to manage tax, surcharge collection

Intra-day update: rupee registers marginal improvement against US dollar

Forex reserves fall to $6.7bn on repayments

BHC orders to quash all FIRs registered against PTI's Azam Swati

China’s Xi meets Arab leaders on ‘milestone’ Saudi trip

Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes

CARs: ADB lists barriers to trade flows

FX reserves may rise in H2FY23: All debt repayments on track, says SBP governor

‘Country of Particular Concern’: Pakistan conveys its concerns to US

765kV DC transmission lines: FD asks PD to take action on award of contract