Acting President of Korangi Association of Trade and Industrial (KATI) Farrukh Qandhari has expressed concern over the rise in the value of the dollar once again.
He said that the rise in the value of the dollar at the time of negotiations with the IMF would have a detrimental effect on the economy. Prime Minister Shahbaz Sharif should use his influence to cooperate with friendly countries to strengthen the Pakistani rupee and increase its foreign exchange reserves.
He said that with the advent of the new government, the dollar depreciated by Rs. 8-9, and after a few days it increases again to 4 rupees.—NNI
