Eggs and dollars

Published December 21, 2013

THIS is apropos Cyril Almeida’s article ‘Dar and the dollar’ (Dec 18). No one seems to have noticed that every time the price of eggs goes up, the dollar also rises against the rupee.

There is only one explanation for this: those who own poultry farms manipulate the exchange rate for reasons known only to themselves.

The finance minister should immediately form a committee to find out why this is happening.

Perhaps he should ask the State Bank of Pakistan to get into the egg buying and selling business to control the exchange rate. Or he could ask egg dealers to release all their eggs in the market (like he asked traders to sell all their dollars).

Shakir Lakhani

Karachi

Opinion

Editorial

Desperate measures
Updated 27 Dec, 2024

Desperate measures

Sadly in Pakistan, street protests and sit-ins have become the only resort to catch the attention of a callous power elite.
Economic outlook
27 Dec, 2024

Economic outlook

THE post-pandemic years, marked by extreme volatility in the global oil and commodity markets as well as slowing...
Cricket and visas
27 Dec, 2024

Cricket and visas

PAKISTAN has asserted that delay in the announcement of the schedule of next year’s Champions Trophy will not...
Afghan strikes
Updated 26 Dec, 2024

Afghan strikes

The military option has been employed by the govt apparently to signal its unhappiness over the state of affairs with Afghanistan.
Revamping tax policy
26 Dec, 2024

Revamping tax policy

THE tax bureaucracy appears to have convinced the government that it can boost revenues simply by taking harsher...
Betraying women voters
26 Dec, 2024

Betraying women voters

THE ECP’s recent pledge to eliminate the gender gap among voters falls flat in the face of troubling revelations...