Peshawar: Despite Finance Minister Shaukat Tarin’s announcement, the State Bank of Pakistan (SBP) has yet to publish a notification allowing Pakistani rupees to be used in commerce with Afghanistan.
In this regard, Zia-ul-Haq Sarhadi, the newly elected vice-president of the Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), said on Saturday that business communities on both sides of the border have suffered as a result of the government’s failure to implement its announcements on Pak-Afghan trade, stressing that effective measures must be taken to boost trade with Afghanistan and Central Asia (CARs).
There are numerous prospects for Pakistani businessmen to help restore Afghanistan’s war-torn country. The businesses feel that enabling bilateral trade in Pakistani rupees will help the country overcome its existing trade deficit.
Sarhadi stated that the amount of exports to Afghanistan and Central Asia has been impacted as a result of the federal government and the State Bank of Pakistan banning shipments in Pakistani rupees to these countries.
He claimed that Afghanistan has been a war-torn country for many years, and that its banking system is now inoperable, affecting the export of cement, steel, edible oil, grains, medications, and groceries from Pakistan.