Following the speculation surrounding Ishaq Dar’s potential appointment as Finance Minister, the Pakistani Rupee has witnessed a decline against the US Dollar. Reports indicate that the exchange rate for one US Dollar against Pakistani Rupees reached Rs 279.3 in both local and open markets, with a selling rate of Rs 282.4. Despite Dar’s anticipated retirement from the Senate in March 2024, there are widespread expectations of his re-election and assumption of a prominent cabinet role, particularly as Finance Minister. This speculation has evidently impacted the currency exchange rates.