Former Pakistan finance minister Ishaq Dar expressed optimism regarding thestrengthening of the rupee against the US dollar, asserting that banks andexchange companies were moving in a positive direction, and he believedthat this trend would persist. He dismissed concerns about the fluctuatingexchange rates as mere speculation, emphasizing that the country’s economyshould not be vulnerable to the whims of speculators.
Furthermore, Dar contended that the true value of the US dollar wasapproximately Rs244, and he expressed hope that the exchange rate wouldcontinue to decrease, stabilizing at around Rs250. During his tenure asfinance minister from 2013 to 2018 under the PML-N government, he proudlyhighlighted Pakistan’s economic achievements. Under his leadership,Pakistan’s economy climbed from the 47th to the 24th largest in the world.
He pointed to a report by PricewaterhouseCoopers available online, whichprojected Pakistan’s potential membership in the G20 group of leading richand developing nations by 2030.
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Despite facing various challenges, including controversies like ‘DawnLeaks,’ ‘Panama Leaks,’ and political ‘dharnas’ (sit-ins), Ishaq Darmaintained that the country’s economy remained stable during the tenure ofthe PML-N government.