Maryam terms people being crushed under weight of rising prices
Maryam Nawaz said that Pakistan has become Asia’s worst performing currency and stock exchange, adding that it was quite a dramatic fall from grace under the tenure for former prime minister Nawaz Sharif when rupee was stable and stock market was among the best performing in the world.Strongly feel for the masses for the misery brought about by jaali government in the last 9 months. People have been crushed under the weight of rising prices, increasing gas & electricity bills, joblessness & shrinking incomes. Everything looks bleak. #BringBackNawazSharif
— Maryam Nawaz Sharif (@MaryamNSharif) May 16, 2019
In another tweet, she said, “If anyone had any doubt about Naya Pakistan - no need to go further than the daily bloodbath at the stock market & the battering of our rupee in the currency market.”Asia’s worst performing currency & worst performing stock exchange. Quite a dramatic fall from grace & glory under MNS when rupee was stable & Stock Market was one of the best performing in the world. #PakNeedsNawazSharif
— Maryam Nawaz Sharif (@MaryamNSharif) May 16, 2019
“As if Pak Rupee freefall was not ironic enough,people put in place to control it are those who’ve been imported recently to devalue the currency&decrease our GDP growth. The impact of today’s devaluation- only the foreign debt has gone up by 666 billion Rs,” Maryam Nawaz also tweeted.If anyone had any doubt about Naya Pakistan - no need to go further than the daily bloodbath at the stock market & the battering of our rupee in the currency market. https://t.co/LiP837hg4l
— Maryam Nawaz Sharif (@MaryamNSharif) May 16, 2019
Maryam Nawaz’s tweets came after the US dollar touched an all-time high of Rs147 in the interbank market, a day after bouncing back to Rs144 in the open market. The latest depreciation in the rupee came following Pakistan's agreement with the International Monetary Fund (IMF) securing a $6 billion bailout on Sunday.As if Pak Rupee freefall was not ironic enough,people put in place to control it are those who’ve been imported recently to devalue the currency&decrease our GDP growth. The impact of today’s devaluation- only the foreign debt has gone up by 666 billion Rs. #BringBackNawazSharif
— Maryam Nawaz Sharif (@MaryamNSharif) May 16, 2019