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No one will be allowed to disturb rupee dollar parity through illegal practices: Dar




ISLAMABAD: Finance Minister Ishaq Dar has said that the law enforcement agencies have been tasked to keep strict vigilance to curb the menace of currency and bullion smuggling.

He said this while talking to a delegation of Forex Association of Pakistan here on Saturday.

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Dar said that the airports will also be focussed to curb illegal movement of the currency.

“The rupee-dollar parity will not be allowed to be tampered through illegal practices, and discipline will be enforced,” he said, adding: “crackdown has been launched against illegal money changers and currency and bullion smuggling. The FIA, IB, Custom Intelligence and State Bank of Pakistan have been tasked to keep strict vigilance to curb this menace of currency and bullion smuggling.”

The minister added that the government would not allow any unscrupulous element to play with the destiny of the country.

“One rupee devaluation costs 57 billion Rupees loss to the exchequer,” he added.




 

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.