Pakistan Turns Importer Of Afghan Goods

National By Imdad July 07, 2022

Lack of Tradable Currency: Due to the lack of tradable currency through banking channels, the government on Tuesday made the significant decision to permit trade of all products to Kabul in the rupee via land routes. This decision came as Pakistan’s exports to Afghanistan saw a further decline since the Taliban seized control of Kabul in August 2021. One of the strategies to stop the declining trend in the upcoming months is thought to be switching the trading currency from the dollar to the rupee. Commerce Ministry’s Amendment to the Import Policy Order: A summary of the commerce ministry’s amendment to the Import Policy Order (IPO) to permit trade with Afghanistan in rupees for a year was accepted by the Economic Coordination Committee (ECC) of the Cabinet. Fill in some text

The government checks the items that are imported through the State Bank of Pakistan without foreign exchange and uses EIF as a tool to track the origin and outflows of international remittances. Government Has Approved The Export Of Twenty Different Goods: Currently, the government has approved the export of twenty different goods, including cement, fruits, and vegetables, to Afghanistan. Afghanistan used to be Pakistan’s third-largest export market, but this has altered during the past few years. Pakistan’s exports to Afghanistan decreased by 30% from $1.018 billion in 2020–21 to $717.53 billion in 2021–22.