ISLAMABAD: Former federal minister for commerce Khurram Dastgir Khan has criticised the massive rupee devaluation undertaken by the PTI government, which, according to him, has proved to be devastating for Pakistan’s economy.
Khurram Dastagir said mafias were manipulating key decisions related to sugar, smuggling of wheat, LNG imports and earned hundreds of billions of rupees at the cost of people of Pakistan.
The senior PML-N leader said the second formula of economics that failed in Pakistan was related to higher interest rates of 13.25% aimed at reducing inflation.
Read also:GOLD BEING SOLD AT RS112,300 PER TOLA IN PAKISTAN ON DECEMBER 18