The US dollar exchange rate is increasing each day and squeezing the life out of industries, businesses and even government organizations, to say nothing of its devastating impact on households. The US dollar is becoming expensive because of speculative buying by local Pakistanis. The ease with which dollars are being bought and sold has made the exchange rate highly volatile.
I want to ask the government what is stopping them from banning the sale and exchange of US currency? US currency is not an investment tool and is often used to facilitate tax evasion and money laundering. The government should announce the discontinuation of trading or holding of US dollars by resident Pakistanis after 30 days, allowing time for people to exchange their US dollars.
Engr Shahryar Khan Baseer
Peshawar
This letter refers to the news story ‘Bribes for govt jobs, transfers: Buzdar, Farah Gogi, Bushra’s son,...
According to reports, markets are to be closed across the country by 8pm. Given our attachment to markets and staying...
As a resident of Karachi, I would like to draw attention to the increasing air pollution in our city. Karachi has seen...
The shortage of water in Pakistan is having a significant impact on the lives of millions of people, particularly in...
I am writing to express my concerns about the excessive television advertisements in Pakistan which promote...
The number of road accidents in Rawalpindi is rapidly increasing. Every day, we hear news of accidents on our roads,...
