KARACHI - The Unisame has appreciated the assurance of federal finance minister Ishaq Dar to make efforts to appreciate the value of the rupee to bring the exchange rate at rupees 98 to a dollar. President Unisame Zulfikar Thaver said the mere statement of the Dar has made the difference and the rupee showed marginal appreciation. He said this is surely possible if the FM checks the free imports and restricts imports to only by declared money, imports need to be controlled.

 as everything under the sun is being imported and the country is importing more than really essential causing setback to local industry.

He said the big merchants are importing huge quantities of goods from different countries by financing it by the undeclared money causing pressure on dollar and its availability due to heavy demand.

He urged the FM to immediately issue instructions to establish import letter of credits (LCs) only with declared money and no letter of credit to be established from outside the books money.