ISLAMABAD: Pakistan Tehreek-e-Insaf leader and former federal Minister Asad Umar on Sunday said that inflation hit an 11-year high in the first month of a government that claims to have diminished it.
He took to Twitter and wrote that as long as this incompetent bouquet [incumbent government] will rule, it will drown the economy and their own politics will also be buried.
مہنگائی کم کرنے کا دعویٰ کرنے والی حکومت کے پہلے ماہ میں افراط زر کی شرح 11 سال کی بلند ترین سطح پر پہنچ گئی. یہ نااہل گلدستہ جتنی دیر حکومت کرے گا، معیشت کا تو بیڑا غرق کرے گا، ان کی اپنی سیاست بھی دفن ہو جانی ہے #امپورٹڈ__حکومت__نامنظور
— Asad Umar (@Asad_Umar) May 8, 2022
Later, in another Tweet, the former minister while criticizing the foreign policy of the PML-N government that is damaging the economy wrote, “PM & FM powerless with London second-guessing all economic decisions. Coalition partners with their own agenda. Govt paralyzed facing urgent critical decisions. Who was the genius who thought this unnatural alliance could provide effective governance!”
PM & FM powerless with London second guessing all economic decisions . Coalition partners with their own agenda . Govt paralyzed facing urgent critical decisions. Who was the genius who thought this unnatural alliance could provide effective governance! #امپورٹڈ__حکومت__نامنظور
— Asad Umar (@Asad_Umar) May 8, 2022
Read more: Ahsan Iqbal sets new precedent by inviting Asad Umar for farewell meeting
Earlier in the day, former PTI minister Hammad Azhar also 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.
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.
