The Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday expressed serious concerns over the sharp fall in the value of Pakistani rupee against the US dollar. RCCI President Malik Shahid Saleem in a statement said that the depreciation of Pakistani rupee would have a massive negative impact on the already fragile economy of the country. “The dollar has risen to an all-time high of Rs 163 in open market and it must be controlled, as it could have a devastating impact on all segments of society, particularly the Small and Medium Enterprises (SMEs),” he added. Devaluation of rupee against all major international currencies is the reflection of weakness of the economy, he remarked.
Rupee depreciation to affect all segments of economy: RCCI
The Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday expressed serious concerns over the sharp fall in the value of Pakistani rupee against the US dollar. RCCI President Malik Shahid Saleem in a statement said that the depreciation of Pakistani rupee would have a massive negative impact on the already fragile economy of the […]
