Mian Zahid wants PM to intervene after rising debt stock.

• Position: President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, senior vice chairman of the Businessmen Panel of Federation of Pakistan Chambers of Commerce & Industry, Prime Minister Imran Khan - Speech

Byline: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said that the central bank has left the local currency on the mercy of market forces despite assurances. Leaving rupee high and dry has broken the back of the masses and pushing economy towards disaster, he said.

Mian Zahid Hussain said that the debt stock continues to increase by hundreds of billions of rupees, prices of everything is out of control but policymakers seem to be unconcerned therefore the Prime Minister Imran Khan should intervene immediately.

Talking to the business community, the veteran business leader said that the country has been burdened by 23 billion dollars against the promise of IMF to provide six billion dollars which is beyond understanding.

The former minister noted that a few days back the central bank assured that rupee will not be left alone and the exchange rate would be kept stable through intervention whenever necessary. The assurance of...