ICST accuses SBP for downplaying massive threats to economy

ISLAMABAD, Oct 3 (INP) Islamabad Chamber of Small Traders on Tuesday said the central bank downplayed massive threats faced by the economy in its latest report. The report is over-optimistic at best and far from the ground realities which is an attempt to throw dust in the eyes of masses, it said.

The SBP has overlooked the recent increase in the international oil prices, depleting forex reserves and pressure on local currency and exports, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.