Immediate steps to control rupee’s depreciation demanded


Pakistan Businesses Forum (PBF) on Sunday urged the government to take immediate and effective measures to control Pak rupee’s depreciation against US dollar to save the country’s economy.

PBF Vice President Ahmad Jawad told the media that rupee’s depreciation was also one of the major causes of price hike that was hitting every sector of economy including agriculture as cost of agri inputs particularly fertilizers had increased manifolds.

After having trade with Afghanistan in Pak Rupee (PKR), he suggested that Pakistan must also make trade deals in PKR with other neighboring countries.

Ahmad Jawad said, “It is also a good move for our importers to deal in rupee. In a currency-swap
arrangement, countries that buy from each other pay.—APP

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