FPCCI Ex-President Concerned Over Devaluation Of Pak Rupee.

Peshawar -- FPCCI ex-president and senior leader of Businessman Forum, Ghazanfar Bilour has expressed serious concerns over the deteriorating economic situation, especially the devaluation of Pakistani currency, growing electricity, gas crisis, along-with whopping increase in prices of petroleum commodities over the last one month.

Bilour viewed the process of industrialisation was completely halted in Khyber Pakhtunkhwa and elsewhere in the country, while business and commercial activities were also badly affected owing to prevailing circumstances.

In a statement issued here on Saturday, Ghazanfar Bilour noted that prices of petroleum commodities were frequently increasing, while Pakistani rupee rapidly depreciating against dollar, besides that trade deficit, circular debts along-with electricity, gas crisis deepening with each passing day, resultantly the depressing situation brought the national economy on brink of collapse. A severe stagnation was witnessed in industrial growth, whereas a remarkable decline also registered in the country's exports as well as import, he noted.

Bilour said that an uncertain situation is prevailing in the country. He criticised the...