Home Pakistan ‘Massive slowdown’, Asad Umar reacts to surge in dollar against rupee

‘Massive slowdown’, Asad Umar reacts to surge in dollar against rupee

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ISLAMABAD, Sep 9(ABC): Former Federal Minister and General Secretary Pakistan Tehreek-e-Insaf (PTI) Asad Umar on Friday said that auto sales fell by 54 percent compared to last year and the massive slowdown in economy is becoming visible.

In a statement on Twitter, Asad Umar pointed out that rupee depreciated by around 5 rupees against the dollar on Friday. Despite all the squeeze, the rupee is once again under pressure and falling sharply after the IMF deal, he said.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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