LAHORE: Pakistan Muslim League-Nawaz (PML-N) lawmakers on Thursday submitted a resolution calling for the reinstatement of Ishaq Dar as minister of finance “on contract”.
The resolution was reportedly tabled by PML-N Member of Provincial Assembly (MPA) Hina Pervez Butt.
The resolution states that federal Finance Minister Asad Umar is incompetent to resolve economic issues of the country, claiming that the incumbent government has promised to the International Monetary Fund (IMF) to raise US dollar to Rs 169.
It further maintained that the government, ahead of approaching the IMF in the final stage of a bailout, has increased prices of essential commodities.
The resolution also mentioned that it is the first time in the history that the dollar has crossed the benchmark of Rs 142 and the gold has scaled a new peak of Rs72,000 per tola.
The resolution reportedly predicted that if current financial conditions continue to prevail, by the year 2021, Pakistan’s debts will increase to Rs35948 billion.
The resolution urged the government to accept the offer of reinstating Ishaq Dar as the minister of finance, by terming it “a golden chance” for the government.
It is also mentioned that Dar had recovered value of rupee from Rs111 to Rs98 against the US dollar during the tenure of the PML-N.
