‘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.