Rupee must be strengthened if imports reduced by $5bn: Shaukat Tarin

Former finance minister Shaukat Tarin on Sunday questioned Finance Minister Miftah Ismail, saying that if the imports of $5 billion were reduced, the rupee should have strengthened.

Taking to Twitter, Tarin wrote, “But the rupee is in a free fall. Reason because you have stopped all major imports. Banks are not opening/retiring elcees”.

While lashing out at Miftah, Tarin penned, “July has still not closed and yet you have announced reduced imports of $5bn as an achievement.”