Real Value of Dollar Still Below Rs. 250: Dar

Finance Minister Ishaq Dar has stated that certain unseen hands are involved in purposefully undervaluing the Pakistani rupee.

The minister stated during the introduction of the ‘Economic Survey 2022-23’ on Thursday that it appeared that certain hidden hands were involved in artificially undervaluing the Pakistani rupee.

The dollar fell to Rs. 217 in a single day after I took over the Finance Ministry, but the price strangely reversed.

Also Read: SBP Reserves Fall by $179 Million in One Week.

However, he warned the hoarders once more to bring their dollars into the market because their value was about to collapse dramatically. He said that the Pakistani rupee was undervalued by at least Rs. 45 per dollar.

After starting at 286.7 in the interbank market, the Pakistani rupee reversed a four-day losing skid versus the US dollar during intraday trade today. The PKR appreciated by 0.027 percent today, closing at 286.8 after gaining seven paisas.