Dollar to fall below Rs200, says Dar

Finance Minister Ishaq Dar said on Saturday that the rupee had been regaining strength against the dollar and the dollar would fall below Rs200, because it had gone beyond its real value.

Talking to a private TV channel, the finance minister said the country’s macroeconomic indicators had surely lots of problems but the economic mess was inherited from the previous government that “left us on the verge of bankruptcy”.

The finance minister underlined that his first goal was to stop the economic slowdown. “Pakistani rupee has been manipulated in the near past,” said Dar. “Individuals, some institutions and a few banks were also involved in that game. Those players damaged the country for the sake of earning a few billion rupees.”

The minister further said that the coalition government was doing its best to help the lower class of the country. He highlighted that the government had disbursed 92% of the total allocated aid of around Rs50 billion among the flood affectees through the Benazir Income Support Programme (BISP). A