PIAF wants serious steps as Rupee witness volatile trend.

ISLAMABAD -- The Pakistan Industrial and Traders Associations Front (PIAF) on Saturday said the rupee witnessed volatile trend in the process of trading against dollar and other major currencies.

PIAF Senior Vice Chairman Nasir Hameed and Vice Chairman Javed Siddiqi, in a joint statement issued here said that massive fall of rupee value continued to damage the economy, as the rupee witnessed a huge depreciation against the greenback.

Nasir Hameed observed that besides increasing exports and controlling imports the government will have to take administrative measures, as a large demand of cash dollars are seen in the market.

He said that there was a complete breakdown of economic policymaking, as the country's fiscal policy had become subservient to monetary and exchange rate policies.

He said that the monetary...