ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader and former minister Hammad Azhar on Sunday lambasted the incumbent government for their economic policies and said both inflation and interest rates have reached their optimum point.
Azhar took to Twitter and wrote that the country receives no help from friendly countries and the IMF issue still remains unclear while the Finance Ministry has seen tensions between London and Islamabad.
He went on to say that there was no such crisis in Pakistan until two months ago adding that the sovereignty and economy of the country were attacked.
شرح مہنگائی اور شرح سود دونوں اپنے عروج پر پہنچ چکی ہیں۔ دوست ممالک سے مدد نہیں ملی۔ IMF کے معاملے پر ابہام جاری ہے۔ وزارت خزانہ لندن اور اسلام آباد کے تناؤ کی نظر ہو چکی ہے۔
اندازہ لگائیں کے دو ماہ پہلے تک پاکستان میں ایسا بحران نہیں تھا۔ خودمختاری اور معیشت دونوں پر وار ہوا۔— Hammad Azhar (@Hammad_Azhar) May 8, 2022
Read more: Pakistan seeks IMF help to rescue economy from financial turmoil
Earlier, Finance Minister Miftah Ismail said that the government has reduced the pricing of essential products such as sugar, ghee, and flour at Utility Stores.
He told a press conference in Karachi that sugar can now be purchased for 70 to 75 rupees per kilogramme, the lowest price since 2019.
According to the Finance Minister, the incumbent government improved load-shedding schedules within a few days.
