{"id":27328,"date":"2021-11-19T17:30:46","date_gmt":"2021-11-19T12:30:46","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=27328"},"modified":"2021-11-19T15:32:03","modified_gmt":"2021-11-19T10:32:03","slug":"blunders-played-havoc-with-the-economy-dr-shahid-rasheed-butt","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/blunders-played-havoc-with-the-economy-dr-shahid-rasheed-butt\/","title":{"rendered":"Blunders played havoc with the economy: Dr. Shahid Rasheed Butt"},"content":{"rendered":"<p>ISLAMABAD, Nov 19 (Online): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said the government&#8217;s miscalculations and unnecessary self-confidence about stabilising the economy have sunk the rupee and the economy.<\/p>\n<p>Experiment to run the country without IMF support has backfired and now the IMF conditions are being met after damaging the economy and leaving the local currency worthless.<\/p>\n<p>Shahid Rasheed Butt said that it was impossible to run the country without IMF loans, but an attempt was made to run the country without the help which has failed.<\/p>\n<p>After trying to revive the economy for seven months, the IMF&#8217;s conditions are being met for which economic managers are responsible.<\/p>\n<p>He said that at this juncture, expecting any concessions from the IMF would be self-deception and delaying the agreement would be catastrophic for the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Nov 19 (Online): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said the government&#8217;s miscalculations and unnecessary self-confidence about stabilising the economy have sunk the rupee and the economy. Experiment to run the country without IMF [&#8230;]<\/p>\n<p>\n","protected":false},"author":16,"featured_media":27329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[13934],"class_list":["post-27328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-blunders-played-havoc-with-the-economy-dr-shahid-rasheed-butt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blunders played havoc with the economy: Dr. Shahid Rasheed Butt<\/title>\n<meta name=\"description\" content=\"Blunders played havoc with the economy: Dr. Shahid Rasheed Butt\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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