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

IMF’s unease
Updated 24 May, 2024

IMF’s unease

It is clear that the next phase of economic stabilisation will be very tough for most of the population.
Belated recognition
24 May, 2024

Belated recognition

WITH Wednesday’s announcement by three European states that they intend to recognise Palestine as a state later...
App for GBV survivors
24 May, 2024

App for GBV survivors

GENDER-based violence is caught between two worlds: one sees it as a crime, the other as ‘convention’. The ...
Energy inflation
Updated 23 May, 2024

Energy inflation

The widening gap between the haves and have-nots is already tearing apart Pakistan’s social fabric.
Culture of violence
23 May, 2024

Culture of violence

WHILE political differences are part of the democratic process, there can be no justification for such disagreements...
Flooding threats
23 May, 2024

Flooding threats

WITH temperatures in GB and KP forecasted to be four to six degrees higher than normal this week, the threat of...