expressed concern
\nISLAMABAD: The Pakistan Economy Watch (PEW) on Tuesday expressed concern over the steady fall in exchange rate saying that falling rupees is dragging masses and the economy down. The rupee is losing value since last nine days which if continued will not only hurt asses but also hit businesses across the country, it said. The freefall of rupee will trigger inflation, hit developmental projects, deter local and foreign investment and add to foreign loans as well as uncertainty, said Dr. Murtaza Mughal, President PEW. He said that some elements are trying a 30 percent erosion in the value of rupee which will boost the value of one dollar to Rs 180. Dr. Murtaza Mughal said that the government should not listen to such elements who want to benefit on the cost of masses. He said that during the last one-year rupee has been devalued by 35 percent but the cited objectives could not be achieved. NEWS DESK<\/p>\n","protected":false},"excerpt":{"rendered":"
expressed concern ISLAMABAD: The Pakistan Economy Watch (PEW) on Tuesday expressed concern over the steady fall in exchange rate saying that falling rupees is dragging masses and the economy down. The rupee is losing value since last nine days which if continued will not only hurt asses but also hit businesses across the country, it […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-56110","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n