SIALKOT - Sialkot Chamber of Commerce and Industry President Sheikh Abdul Majid on Saturday expressed deep concern over the declining foreign exchange reserves of the country.

He referenced the State Bank of Pakistan fresh report which indicated that foreign exchange reserves had fallen to $13.05 billion after a decrease of $337 million during last one week.

In a press communiqué issued here, the SCCI president continued that foreign exchange reserves situation was getting worse due to balance of payment issues arising as a result of heavy import bills of luxury items.

He said that the government was not paying attention to facilitate the export sector and situation getting tough due to the anti-export policies of the government.

He stressed that the government should pay attention towards facilitating export sector and took necessary steps to enhance total exports volume.