PTI leader and Economist Muzzammil Aslam advised the citizens to sell US Dollars and make money as Pakistani Rupee downed against the dollar after exchange companies removed the cap on the Greenback.
In a video message on Instagram, the economist advised the exporters to sell dollars before ‘its value decreases’. Muzzammil Aslam termed Rs270 per dollar ‘a lottery’, advising to sell the greenback as they cannot get a ‘better rate’.
Also Read : Pakistani Rupee’s downward slide against the US Dollar falls at the historic low level
Taking a jibe at the PDM government, he said that the US dollar rose due to the ‘incompetence’ of Finance Minister Ishaq Dar and Prime Minister (PM) Shehbaz Sharif.
He further said that the US dollar can fall to Rs230-240, urging the exporters to sell the foreign currency and make money stable for the economy as well as for themselves.
Remember that the Pakistani rupee finally bounced back against the US dollar, as the local currency gained Rs1.79 in the interbank market against the greenback. The greenback has gained Rs36.91 in the interbank market since Thursday as the Exchange Companies Association of Pakistan (Ecap) removed an unofficial cap on the exchange rate.
Earlier, the Exchange Companies Association of Pakistan (ECAP) removed the cap on the US dollar in a bid to end ‘artificial’ demand in the market.
Leave a Reply