PM Shehbaz to convene meeting on economy to review dollar situation

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called a special meeting to review the alarming economic situation of the country as the Pakistani rupee continues to depreciate against US dollar every passing day, informed sources.

The session convened at the Prime Minister house will include the heads of finance ministry, trade ministry and other relevant officials. The session will take a close look at the rupee depreciation against dollar and other prevailing economic situations.

Read more: Asad Umar warns Pakistan only weeks away from becoming Sri Lanka

PM Shehbaz is expected to speak to the nation after the special meeting on economy where he will give his plan of action, said sources. The premier is also expected to visit Karachi in coming days.

Expressing grave concerns on the deteriorating economic condition, Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, earlier, expressed fear that Pakistan is only weeks away from becoming Sri-Lanka. He said that the guidelines for the decisions regarding Pakistan are being taken from a convict.

He said, “Miftah is looking up to Shehbaz Sharif, Shehbaz is looking up to Ishaq Dar, Dar is looking up to Nawaz Sharif, Nawaz is looking up to Zardari and Zardari is looking up to – no one knows.”

Asad Umar said that Pakistan’s economic condition is worsening every day, adding that [Prime Minister] Shehbaz Sharif is incapable of taking decisions. He said that the foreign reserves have depleted by 37 per cent since the no-confidence motion against Imran Khan became successful.

Asad Umar added the inflation rate has reached 11-year high only in the first month of the incumbent coalition government.