Former Finance Minister Ishaq Dar suggested on Monday that a ‘globalconspiracy’ may have played a role in his inability to stabilize theexchange rate. In an interview with Samaa TV, the former finance ministerwent further to allege that global powers may have had an interest inpushing Pakistan towards a situation similar to Sri Lanka’s economicchallenges.
Dar also raised questions about the International Monetary Fund (IMF)’sactions, specifically why the ninth review, scheduled for November of theprevious year, was delayed until the interbank rate of the US Dollarexceeded 270.
During his tenure as finance minister, Dar had repeatedly stated that heexpected the US Dollar’s rate to drop below 200. Unfortunately, he wasunable to substantiate this claim, as the US Dollar’s value climbed above280.
Read Top Stories
In the interview, Dar asserted that the delay in the IMF review during histime in office was primarily driven by geopolitical factors, suggestingthat there may have been a ‘global wish’ to see Pakistan default on itsfinancial obligations.
