ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Saturday said that after two years of consolidation, cracks had started appearing in the economy. “The rising political uncertainty is not good for the economy. It will further harm the economic situation,” said Atif Ikram Sheikh, the FPCCI Regional Committee on Industries chairman. He said that foreign exchange reserves had risen after the current government came to power. “However, they are insufficient to tackle the debt servicing crisis. The balance of payment situation is not under control,” he said. “We were repeatedly told that the government had improved the economy. However, this is not the case. Pakistan’s credit rating was downgraded five years ago. It was upgraded two years ago, but now the same credit rating agency has voiced concern over ppithe economic situation and warned of the growing vulnerabilities their consequences,” he said. Published in Daily Times, July 16th , 2017.