ISLAMABAD, May 21 (INP): Hitting hard on the economic policy of the PTI’s government, former Finance Minister Ishaq Dar said that it is not less than the ‘economic terrorism’, the way a common man was being crushed in Pakistan by heavy inflation.

In an interview to a private TV channel last night, he said the economy is on a verge of total collapse due to failure of the present government.

[timed-content-server show="05/22/2019 01:00 Asia/Karachi"]Terming the devaluation as a mother of all economic evils, he said at the moment it was leading the country towards economic devastation. Referring to the State Bank of Pakistan’s report released on Monday, Ishaq Dar said it was reflective of worst economic policy of the present government. There was no reason to jacks up interest rate from 10.75 percent to 12.25 percent. This will have a very negative impact on the Stock Exchange as well as overall economy, he added. The low growth rate, raising inflation and economic debt speak high of government’s failure in all sectors of the economy, he added. Ishaq Dar also criticized the six billion’s dollar's deal with the IMF, stating it was not reasonable by anyway, as it was going to raise further burden on the national economy. He also spoke the economic achievements of the PML’s government, which had made the country’s economic ranking and credibility at a higher level World over. There was a time, when during their tenure of government, Pakistan was about to join G-20 group, he added. INP/J/AK[/timed-content-server]