Former Finance Minister Ishaq Dar suggested on Monday that a 'global conspiracy' may have played a role in his inability to stabilize the exchange rate. In an interview with Samaa TV, the former finance minister went further to allege that global powers may have had an interest in pushing Pakistan towards a situation similar to Sri Lanka's economic challenges.
Dar also raised questions about the International Monetary Fund (IMF)'s actions, specifically why the ninth review, scheduled for November of the previous year, was delayed until the interbank rate of the US Dollar exceeded 270.
During his tenure as finance minister, Dar had repeatedly stated that he expected the US Dollar's rate to drop below 200. Unfortunately, he was unable to substantiate this claim, as the US Dollar's value climbed above 280.
In the interview, Dar asserted that the delay in the IMF review during his time in office was primarily driven by geopolitical factors, suggesting that there may have been a 'global wish' to see Pakistan default on its financial obligations.