Govt flayed for devaluation of rupee.

PESHAWAR -- The leader of United Business Group (UBG), Ilyas Ahmad Bilour, has said that continuous trend in depreciation of Pakistani rupee against the US dollar during last one week is a failure of government.

In a press statement issued here on Sunday, he said that the rate of dollar would reach Rs170 in the coming days and it would be impossible for the government to control it.

The UBG leader said that the increasing rate of dollar proved that the PTI government accepted all conditions of IMF. He said that Prime Minister Imran Khan admitted that IMF head told him by telephonic that they were giving the best person to lead State Bank of Pakistan.

Ilyas Bilour, who is also a senior leader of Awami National Party, said that Imran Khan calling those people looters and dacoits, who carried out nuclear tests but didn't depreciate Pakistan rupee and controlled the rate of dollar at Rs64. He said that the PTI government brought devastation everywhere instead of change in the country.

The UBG leader alleged that government put the country economy at stake but the prime...