'Exchange rate adjustment'

Writing in Business Recorder on 'Exchange rate adjustment', the writer, Dr Waqar Masood has termed allowing exchange rate to move in accordance with market forces a bold step. He then moves on to quote the different parities US dollar recently had with Pak rupee. Dr Waqar does not come up with analysis of what caused the rupee slide down under the cover of market forces or distinguish forces: speculators and otherwise. He appears to lend support to the theory that currency is a commodity like other commodities, to be allowed all sorts of doings in the inescapable "free economy", depending on so termed demand and supply conditions. To the learned scribe, this appears required for 'smooth functioning of the foreign exchange markets'. No wonder the position leading to na pari rahe na junun rahe is a foregone thing.
All out eulogizing the downward push to Pak rupee, for equilibrium of our currency, travel to higher prices of necessities appear not a point to stop and give a real fresh look to things.
An ordinary educated person can fathom whether the downward slide in rupee parity with US dollar can check speculative demand, enabling real market forces to work towards equilibrium and stability to existing living conditions. Then not driven home to an ordinary viewer of B.R. is: how would blow to Pak Rupee mitigate adverse impact on the budget and not aggravate the risks the nation may be exposed to.
We need not simply 'conserve' demand. One needs prescription from, at one time known honest academician, to stand up and give the nation workable solutions like going for trade in other currencies viz. Iranian rial, German mark, etc., barter trade, cut in home electricity and petrol consumptions, check on running for consumers durables, cosmetics and the like.