The United Business Group (UBG) leader Ilyas Ahmad Bilour termed the continuous depreciation of Pakistani rupee (PKR) against US dollar during last one week as the worst failure of the government. "It has exposed the nine-month performance of Imran Niazi-led government," he said in a press statement, issued here on Sunday.
The UBG leader said that dollar rate would further jump to Rs 170 in coming days, because it could be difficult and impossible for the incumbent 'incompetent' government to control it. He said that the increasing rate of dollar proved that PTI-led government had accepted all conditions of IMF. He said Prime Minister Imran Khan admitted that IMF head asked him via telephonic conversations that they are giving the best IMF person to lead the Pakistan's central bank: the State Bank of Pakistan (SBP).
Ilyas Bilour, who is also a senior leader of Awami National Party (ANP), said that Imran Khan calling those people looters and dacoits who had detonated nuclear blasts and even then didn't depreciate Pakistan rupees; rather controlled dollar rate at Rs 64. He said that the PTI government had brought devastation everywhere instead of change.
The United Business Group leader accused the PTI government of putting the country's economy at stake. He said that Pakistani rupee had already declared the worst currency as its value was brought down to very low as compared to Afghani and Nepali currency. He expressed fear that the dollar rate might be further increased in current year.
Bilour said that the poverty-stricken masses are miserably hit by storm of inflation after gradual devaluation of Pakistan rupee. He said the prices of imported items, daily-use commodities and petroleum products along with everything are being increasing due to continuous upward trend in dollar rates.