KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), while expressing deep concerns over rising dollar which hit a new all-time high by crossing Rs226 in the inter-bank market, urged State Bank of Pakistan to adopt effective strategies to stabilize the rupee and curb the continued appreciation of the dollar, which has reached a new high of Rs 226. In a statement, President NKATI said that rising the Dollar will have very negative effects on the industrial production activities while the country’s economy will also be badly affected and a storm of inflation will come. The ongoing political ups and downs in the country are in place but the State Bank of Pakistan needs to play its role as a regulator to prevent the dollar from soaring and the rupee from falling. Our Correspondent
