Lahore
President Friends of Economic and Business Reforms Kashif Anwar, terming the slide of rupee value versus dollar a very strange and inexplicable, said that fall of local currency is not understandable with the fact that there was no fundamental change in the country’s imports during last few months while other economic indicators are showing improvement.
Kashif Anwar appreciated the positive economic indicators positive and development related to the imports, which have now started decreasing since the last financial year followed by the government’s initiative of imposing regulatory duties.
He urged the government to control volatility of rupee against the US dollar, as the industrial revival and economic growth is not possible without stability of local currency.
President FEBR said that Pakistani rupee continued its downward slide against the US dollar, having no sign of recovery, despite the fact that Pakistan’s Current Account Deficit has turned into surplus owing to lower imports and better inflows.
