ISLAMABAD: Finance Minister Shaukat Tarin said on Thursday that commerce with Afghanistan will be conducted in Pakistani currency due to a dollar scarcity in Kabul.
Senator Senator Talha Mehmood, who chairs the Senate Standing Committee on Finance, made the decision during a meeting of the committee.
According to Tarin, the administration has opted to deal with Afghanistan in Pakistani money rather than dollars.
He said that Afghanistan is short on money because the International Monetary Fund (IMF) and the World Bank confiscated the country’s reserves following the Taliban’s takeover. He insisted that they were keeping a close eye on the issue on a regular basis.
“People may be deployed from Pakistan to handle various affairs in Afghanistan,” the finance minister remarked at the event.
Food costs, according to Tarin, are Pakistan’s most pressing issue, and the current account deficit has been growing since April.
Pakistan received $450 million from the Asian Development Bank to purchase COVID-19 vaccinations, according to the finance minister.
He promised that the country’s GDP will rise by 4.8 percent this fiscal year.
