Missing file libarclite_iphoneos.a (Xcode 14.3)

For my case I was getting error like below:

When I have updated my Xcode with latest version, my running project was getting error.

Executable path is a directory

later I saw in Xcode below error:

This is how I resolved this:

By using terminal I have added arc directory and change its permission

1. Open the Terminal app in your Mac.
2. Enter command:

sudo mkdir arc

3. It will ask for permission if you haven’t set permission previously for access in App Management.

4.Enter command in terminal:

cd  arc

5. Enter command in terminal:

sudo git clone https://github.com/kamyarelyasi/Libarclite-Files.git .

Once this command fired now this time to change permission

sudo chmod +x *

Almost done.

Simply search in Xcode for following:

source="$(readlink "${source}")"