Sir: After the May 2013 elections, when Ishaq Dar took oath as federal minister for finance, the economic condition of Pakistan was quite different to how it is now. Many experts at that time expressed serious concerns about Pakistan’s future because at its height the US dollar touched Rs 110, a historic high. Later on, Mr Dar made a pledge to this nation that he would bring the dollar down to a two digit value. No one believed him at the time but a couple of days ago his promise became reality when the rate of the dollar in the open market fell to Rs 98. This milestone was made possible by his efforts but there is also another side to this picture. It seems that the improvement in our economy is making no serious dents in inflation and price hikes. Instead, inflation is increasing every day. To defeat the dollar to some extent is creditable but I request the finance minister to also pay attention to increasing prices in all sectors and connect the improvement of the rupee with decreases in inflation. Then the nation will truly feel proud of our ministry and it will be a real success.
ABDUL WADOOD RAJA
Rawalpindi
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