Fluctuations In The Value Of The Dollar Are A Headache For Industrialists

August 27, 2020Zayn0

Industrialists and traders are worried about the fluctuations in the value of the dollar, saying that the price of raw materials is rising due to the instability of the dollar, which is a major cause of inflation.

The value of the dollar continues to fluctuate, the dollar has exceeded Rs. 168 in the interbank. Traders and industrialists are worried about the fluctuations in the value of the dollar. Irfan Iqbal Sheikh, president of the Lahore Chamber of Commerce and Industry, says that suggestions have been made to control the value of the dollar, and by following them, the dollar can be strengthened.

Faheem-ur-Rehman Sehgal, an expert on trade affairs, said that the lack of stability in the value of the dollar was having a devastating effect on the economy.

Industrialists and traders say the SBP should take steps to stabilize the value of the dollar so that the country’s economy can improve.

Extracted from City42 News

Zayn

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