Coming from such a senior and respected member, I am saddened. All my household income was also in USD accounts as my father was in merchant Navy; the freeze was because of immediate application of severe and global sanctions against Pakistan, withdrawal of international support and blocking ways of all foreign currency; the foreign currency with the GoP was all it had for imports aside from Saudi Oil support.
And the Government froze withdrawal of foreign currency but gave the option to withdraw PKR @ 45/USD!
As for your last sentence, I am sure even you yourself don't really believe it.
It wasn't useless Rupees. The exchange rate offered was quite decent; the only thing you are complaining about is the fact that your family, like mine, could not exploit the situation and the exchange rate in the open market.....which would have been to the detriment of Pakistan, but who cares, right?
Really? A massive hit? What a load of crap!!!