ISLAMABAD: Prime Minister Shehbaz Sharif Saturday said it was grace of Allah that Pakistani rupee was the best performing currency against the dollar in the world.
In a tweet on social media platform Twitter, he said in one week, the rupee appreciated against the dollar by 3.9 percent and at the end of the week closed at Rs 219.92.
He said the hard work of Finance Minister Ishaq Dar was bearing fruit and the economy destroyed by Imran Khan was coming back on track.
پاکستانی روپے کا ڈالر کے مقابلے میں بہترین کاکردگی دکھانے والی ورلڈ کرنسی بننا اللہ تعالیٰ کا کرم ہے۔ 1 ہفتے میں روپے کی قدر میں 3.9فیصد اضافہ ، ہفتے کے اختتام پر ڈالر 219.92 ہوگیا ہے۔وزیر خزانہ اسحاق ڈار کی محنت رنگ لا رہی ہے، عمران خان کی تباہ کردہ معیشت واپس پٹڑی پر آرہی ہے۔
— Shehbaz Sharif (@CMShehbaz) October 8, 2022
Is should be noted that Friday was the 11th consecutive working day for the rupee when it maintained the winning streak since Dar announced his return to Pakistan by ending a five-year self-exile last month.
Apparently, after taking over, Dar resumed his old policy of protecting the rupee against the onslaught of the US dollar.
Before Dar’s return, the rupee lost almost 12% (or Rs25) in 15 successive working days to an all-time low of around Rs240 in late July on the increased risk of default on debt repayment, for instance, in the case of $1 billion Sukuk maturing on December 5, 2022.
