Faisalabad: The rupee depreciated to PKR 128 per USD, stated a news report. The Faisalabad Chamber of Commerce and Industry (FCCI) Executive Member Chairman and member of Custom and Dry Port Committee Haji Muhammad Asghar expressed his concerns over the weakening rupee.
According to Asghar, the rupee depreciation to PKR 128 has inflated Pakistan’s debt by PKR 800, 000,000,000. He urged that the country’s business community be informed of the ongoing conditions in the economy as this is going to adversely affect the business community. He highlighted the importance of strengthening domestic industries for expanding the export base as a means of curbing this problem.
