KARACHI
Current political turmoil further hampered the economical activities in the country.
Panic spread out in economic market ahead of the flight of capital, curtailment of foreign investment charging up the dollar price. Experts believed that further turmoil would boost up dollar and that would be uncontrollable in any sort of political disaster.
Dr Shahid Hassan Siddiqy renowned Economist told The Nation foreign reserves are bellow the safe line at this situation, economy cannot sustain any domestic or external unrest.
 These marches are not for the betterment of the society and the promoters of these issues cannot improve the economy.
Health and education are the major issues of the country which cannot address by this agitation.
 The demands presented by the protestors are totally unconstitutional, unlawful and unacceptable. The exiting situation accelerated the flight of capital and slow down the foreign investment in the country, he added.
He said this scenario further depreciate the rupee against dollar which badly hampered economic and industrial growth of the country and brought negative impact all over the world.
Malik Bostan Chairman Exchange Companies Association of Pakistan told The Nation the dollar rates going up following the political turmoil of the country. The demand of US currency gradually steps up owing to panic in the country, he added.
Specially, dollar took strength in inter bank compared to the open market where importers and exporters are interested to settled their affairs in term of payment in dollar account.
Bostan said curtailment of foreign investment increased the dollar rate and country also suffered lack of billion of dollars due to political chaos.
He suggested all the stakeholders to resolve the issue with consensus for the betterment and development of the country.
Chairman ECAP hoped that ongoing issue will be sort out very shortly and dollar would be controlled, he suggested the buyers don’t become a part of any rumour about dollar prices.
He commented that international establishment wants to derail the growth of Pakistan and they totally against the operation Zarb-i-Azb which successfully continued by Pak Army.
The dollar was traded at Rs 62 in the tenure of General (Retd) Pervaiz Musharraf, at Rs 100 during Pakistan Peoples Party Government, traded at Rs 102 in caretaker set up while it was traded at highest rate of Rs 112 at the start of incumbent government, but by the efforts of current government it came under the price of Rs 100.
Aman Khan currency expert at Aerari told The Nation the currency chaos will be settled down after the settlement of political unrest but, if this would not settled, we cannot predict the position of dollar where it would stand.
She said the high price of dollar in inter bank proved that the genuine buyer inserted in buying. In term of any mishandling nobody could control the currency appreciation or depreciation of rupee. Especially, the inflow of foreign investment from the equity markets further boost up dollar prices.