Ishaq Dar tasked with controlling the dollar reduce inflation

Ishaq Dar tasked with controlling the dollar reduce inflation

Ishaq Dar, leader of PML-N before traveling to Pakistan
Ishaq Dar, leader of PML-N before traveling to Pakistan

LONDON: PML-N supremo Nawaz Sharif has tasked Ishaq Dar, a close aide and party finance guru Ishaq Dar, to curb rising dollar rates and curb inflation that has severely affected the government.

The former finance minister left London for Islamabad after five years of exile in the UK, where he went for treatment.

PML-N has announced that Dar will be sworn in as a senator shortly after arriving in Pakistan and taking up the position of Finance Minister following the resignation of Miftah Ismail.

Dar before leaving admits that he faces a difficult task in Pakistan and added that with the blessings of God He hopes to bring the economy back to the level where PML-N was in last power.

“The whirlpools of Pakistan that have gone through the last four years have not been seen. Fortunately, I returned to the same office I left five years ago,” Dar told reporters.

The PML-N leader said Pakistan’s economy under Nawaz was about to become one of the strongest in the world. with low interest rates decades of high growth stable rupee and huge foreign exchange reserves

“This will be my goal. to lead Pakistan [economy] back on track The economy continues to decline,” the PML-N leader added.

The elected senator added that “fake” cases were cooked against him about the tax filing. “I’ve never failed to file taxes in my life,” said the PML-N leader.

Dar will face challenges when he arrives. As the Pakistani rupee has just dropped from a record low against the dollar. stock market lacks brightness And Forex reserves are steadily falling, reaching $8,346.4 million as of September 16.

His return comes after the accountability court last week suspended his pending arrest warrant. and gave Dar a week to go to court.

Responsible Court Judge Mohammad Bashir suspended an arrest warrant — issued on December 11, 2017 — on assets in excess of the warrant.

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