Blaming the hundi and hawala businesses, Dar said that the rupee’s value has been kept low artificially, adding that such practices cannot hold the local currency hostage.
In a question-and-answer break during the Senate session, Dar said that the US dollar depreciated by around Rs10 against the rupee since he landed in the country, stating that one of the problems faced by the country is the artificial depreciation of the rupee.
“Inflation is also high,” he said listing the issues that the coalition government has to fix.
Referring to the winning streak of the rupee in the market, the PML-N leader said that the country’s debt reduced by Rs1,350 billion in less than 24 hours. He also stressed the need for amendments to the previous finance bill.