Karachi: Pakistani rupee hit against the dollar swapping below 100-to-a-dollar. It is brought to the kind knowledge that where the currency smuggler have performed their role in the increment of the rupees while the members of the parliament had challenged on the floor of the assembly that if the rupee improved from dollar to 98, we would leave our assembly or quit .This interchange is now against to politicians as they have to resigned soon or feel ashamed in front of the whole nation.
It is to be proven now by the Finance Minister Ishaq Dar as he challenged a few months back that the Government would take down dollar below Rs 100. In the past week there has been an incredible change in the rupee during 4 or 5 days, there is a decrement of 5 rupees in dollar. Exporters had started saying that exports would drop with the great gratitude of the rupee, banking sources said.
Pakistani currency expanded around 5 percent against the dollar recovering from 108.65 to a dollar in the first week of December 2013. Foreign currency dealers were shocked by the rupee progress as it kept its increase for second successive day in interbank currency markets.
It is sad that politicians preferred dollar holders and speculators from which the market has gone into the crisis. Due to the rumors markets are selling dollars but there is no one to buy it, dollar holders are bothering over the situation and messages are being sent to the ministry of finance to hold the trend as it was.
