No doubt, finance minister Ishaq Dar is delivering at least in one major area finance of currency. He has been able to bring dollar-rupee parity into 'double digits'. He, therefore, deserves kudos for this achievement.
Having said that one needs to examine this seemingly healthy development. But this sudden appreciation in currency without strong macroeconomic fundamentals has all the potential to worsen current account balance and can make currency more volatile. Are we going to make our exports uncompetitive? What about the increase in the number of jobless people on account of decreased export activity?
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