Expressing concern over depreciation in Pak rupee by three percent, Leader of the Opposition and PML-N President Shahbaz Sharif on Saturday said the incumbent government has failed to stabilize the economy.
"The people are facing economic burden due to government policies," he said adding: "Timely and well thought out decisions are important in this hour of need."
Demanding interest rate at nine percent, Shahbaz said he had already warned that wrong decisions would prove fatal. The Central bank slashed interest rate twice upto 11 percent, which is insufficient in the given situation, he said in a statement.
He said the government should extend relief to the masses instead of causing more problems. Due to decline in exports and cut in oil prices, trade deficit is zero, but the government needs to take timely decisions. He reiterated that destruction of economy would bring more harmful effects.
Moreover, Shahbaz held consultation with doctors and health professionals to get update about the novel coronavirus. He discussed measures aimed at curbing the spread of virus. The health professionals were of the view that in the given situation, the people should show seriousness and stay home.