Former prime minister Imran Khan sent out a cryptic tweet on Friday stating that he had warned the “neutrals” that the economy would take a hit if the conspiracy succeeded against him.
Market awaiting policy & action, which Imported Govt has failed to provide. Both myself & Shaukat Tareen had warned the "Neutrals" that if conspiracy succeeded our fragile economic recovery would go into a tailspin. That is what has now happened. #امپورٹڈ__حکومت__نامنظور
— Imran Khan (@ImranKhanPTI) May 13, 2022
He said that record inflation and interest rates, tumbling stock market, loss of Rs604 billion capitalisation showed that the investors had lost confidence in the government.
Rupee at all time low Rs193/$ (from Rs178/ on 8March); Interest rates at 15% highest since 1998; stock market down 3,000 pts or 6.4%; stock market lost Rs604 billion capitalisation; Inflation 13.4% highest since Jan 2020. Reflects lowest ever confidence in Imported government.
— Imran Khan (@ImranKhanPTI) May 13, 2022
It is pertinent to mention here that the Pakistani rupee has been in a freefall ever since the new government took charge. The government’s indecisiveness on crucial economic matters has sent the entire economy in a frenzy.