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.
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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.
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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.
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