Multan Chamber of Commerce and Industry (MCCI) President Khawaja Muhammad Jalaluddin Roomi has criticised the government and Governor State Bank of Pakistan for not adopting effective measures to check Rupee slide against the greenback. The SBP's strict exchange policy measures have failed to stop the fall of rupee against dollar.
He, in a press statement here on Sunday, urged to prepare a roadmap to bring the country out of the economic crises. The Chamber's President elaborated that Rupee is continuously depreciating against the dollar for last eight months and the Central Bank measures seem to have failed in arresting the slide especially in the interbank market which is evident from the fact that the Rupee weakened to another record low against the greenback and the dollar has touched a new peak of Rs 76.30/40 and 76.40/50 in domestic currency market.
Comments
Comments are closed.