Lahore: Punjab Chemical and Dyes Merchants Association has expressed deep concern over the fast deteriorating rupee value.
The association’s chairman and Lahore Chamber of Commerce and Industry, former senior vice president Khawaja Khawar Rashid said the unbridled increase in the value of the dollar will destroy has the economy.
He urged the State Bank to take immediate action to control the dollar flight or face bankrupt economy.
Khawaja said the economy due to political unrest and many other issues has been already destroyed.
M Khawaja Khawar Rashid said Prime Minister Nawaz Sharif should quickly instruct State Bank to work on war footing to bring down the dollar value. They will not increase the value of the dollar to increase exports but said that further difficulties will be reversed. The most expensive gasoline, raw materials etc. will be further expensive.