Good News for Noora Fanboys : According to him the IMF in its latest review fears that Rupee may fall down to Rs 127 against Dollar. The government inherited a growth rate of 3.5 per cent from the PPP and set a target of 4.6 in the budget. The IMF fears it might come down to 2.6 per cent. The country will have 1.2 million more people unemployed. The PPP government made history by borrowing a whopping sum of Rs 550 billion in the last five years. The PML (N) government has crossed that limit by borrowing Rs 636 billion in just 60 days. “Should we believe Dar who says it will not be inflationary or the State Bank which says it will be doubled at 12 per cent,” he asked aptly. “Is the IMF awam-dushman or the government which has accepted these terms.”
Posted on: Thu, 19 Sep 2013 17:13:24 +0000
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