On Tuesday, the rupee continued to appreciate against the US dollar. According to the Forex Association of Pakistan (FAP), the local currency was being traded at Rs225.45, after gaining Rs1.84 against the greenback during intraday trading in the interbank market.
Moreover, the banks were selling US dollars at Rs225.90. In the open market, the US dollar was being traded between Rs227 to Rs229.
| DATE |  USD (DOLLAR) |
 PKR (PAKISTAN RUPEES) |
|---|---|---|
| 04, Oct 2022 | 1 USD | 225 PKR |
Interbank closing #ExchangeRate for todayhttps://t.co/DlpuEEZ8Vp pic.twitter.com/RrX3BTmmrb
— SBP (@StateBank_Pak) October 3, 2022
Federal Minister of Finance Ishaq Dar said on Monday that the government was developing a comprehensive strategy to bring the dollar price down to its current level of fewer than 200 rupees.
In an interview with a private news channel, he predicted that the US dollar’s real value would be less than 200 rupees in the coming days.
He stated that while the dollar was strengthening internationally, he would bring it back to its current level in Pakistan. The government is aware of the people’s suffering and has promised to keep every promise made to the public, he added.
Ishaq Dar said the government was striving hard to steer the country out of the financial crisis as it did in the past. “I am on the nerves of Imran Khan and his entire team and they know that if the country’s economy recovers, they will not get space in politics. We will end all hopes of them winning again through performance”, he maintained.
In 2016, there was a report that Pakistan would become the 18th largest economy in the world in 2030, but Imran Khan thwarted our efforts by staging a sit-in for 126 days which hampered all the development.
