Breaking currency mafia must to save country - Press Release issued by Dr. Shahid Rasheed Butt.

Islamabad -- September 28, 2022 (PPI-OT)

Following is the text of press release issued by Dr. Shahid Rasheed Butt

Quote

Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Wednesday said breaking the influential currency mafia is necessary for country's survival therefore Senator Ishaq Dar should take strict action against the currency mafia after assuming the portfolio of the finance ministry.

The influential mafia is manipulating the exchange rates to make millions overnight and causing huge damage to the country, he said. The reason behind the fall of the Rupee is not based on economic fundamentals but it is an outcome of the tricks of the currency mafia, he added.

In a statement issued here today, Shahid Rashid Butt said that keeping the Pakistani rupee stable has remained the focus of Ishaq Dar's policy and it is hoped that he will give priority to this policy so that inflation and the suffering of the people are reduced.

In 2017 when he left the portfolio of the ministry, Pakistan was becoming the eighteenth largest economy in the world. The rupee was stable, the interest rate was low, the tax situation and foreign exchange reserves were satisfactory and the overall economic conditions were very good.

Those who came to power after Ishaq Dar played havoc with the economy in a way that even the enemy did not do, which closed their fortunes and left the country bankrupt. Due to their wrong...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT