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

Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...
Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.