ISLAMABAD: National Assembly Standing Committee on Finance Chairman Asad Umar said on Tuesday that the country’s economy was put on the verge of collapse due to former finance minister Ishaq Dar’s wrong economic policies.
Talking to media persons after chairing the committee meeting, Asad Umar clarified that his statement about Ishaq Dar’s policies, particularly with regard to the overvalued exchange rate, was wrongly reported by the media.
“In fact, the exchange rate of Pakistan Rupee against the US Dollar was artificially kept overvalued by the former finance minister. This seriously dented the country’s economy,” the former finance minister stated. “But on the contrary, the media quoted me as saying that Ishaq Dar had done the right job by keeping the exchange rate overvalued.”
Answering a question regarding rumours of him leaving his party (Pakistan Tehreek-e-Insaaf), Asad Umar expressed astonishment, saying that he was shocked to hear this as there was no truth in such rumours.