FEBR stresses for action against greenback scarcity

As the US dollar kept fluctuating and hit record high of Rs159 against rupee, registering a 6.5% surge in last couple of weeks, the Friends of Economic and Business Reforms (FEBR) President Kashif Anwar has urged the government to take action against shortage of dollar in local market to control heavy losses to economy inflicted by the local currency depreciation.

FEBR President expressed surprise over sudden appreciation of dollar in spite of stable situation of foreign reserves and smooth flow of remittances.

DailyTimes, 16 Jun, 2019

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