PTI lashes out at govt's economic policies.

ISLAMABAD -- Pakistan Tehreek-e-Insaf (PTI) has criticized the economic policies of the incumbent government that caused immeasurable suffering to the citizens through record-high inflation, and taking the economy on the brink of default.

'In yesterday's (Friday) press conference, we had hoped that Mr. Ishaq Dar will do the honorable thing and hand over his resignation for misleading the nation, causing immeasurable suffering to the citizens through record-high inflation, and taking the economy on the brink of default,' Former Finance Minister Shaukat Tarin said in response to the Finance Minister Ishaq Dar's press conference. Federal Minister for Finance Ishaq Dar on Friday criticized Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan by holding him responsible for the ongoing economic crisis in the country.

In a statement, Tarin said that on the day the exchange rate posted another record low of 262 to the US dollar, there were no clarifications from Mr. Dar, who used to boast that he will bring the dollar rate to below 200.

He further said that immeasurable loss to the economy as a result of the 'dollar peg' policy can be clearly seen in the economic data, with SBP reserves falling to $ 3.7 billion), which is hardly three weeks of import cover. Dar has brought the economy to the brink of a default, with exports declining 7 percent, remittances declining by 11 percent and FDI down 59 percent.

Tarin said that under the Imran Khan government, the economy was expanding at 6 percent for the second consecutive year with record exports, record large-scale manufacturing output and record output of agriculture crops. The agricultural sector posted growth of 4.4% in FY22, which is the highest posted since FY05. The economy was booming with record exports of $ 32 billion in...