QUETTA: President of the Balochistan Chamber of Commerce and Industry (BCCI) Fida Hussain Dashti on Friday urged the State Bank of Pakistan (SBP) to allow trade with Afghanistan in cash until a proper banking system is made functional on both sides of the border.

He said in a statement that if this facility was not extended to the business community, they would not only face bankruptcy but thousands of people would also become jobless.

Mr Dashti said that the economic development of any country, province or region depended on good and stable trade relations with its neighbours and other countries.

He said promotion of legal trade was top priority of the BCCI and it wanted to strengthen relations with Iran and Afghanistan. However, he said that the conditions set by the SBP for trade with neighbouring countries, especially with Afghanistan, were creating hurdles in smooth trade and business relations.

“We want that the SBP should allow trade with Afghanistan in cash until the banking channel with Afghanistan is made functional,” Mr Dashti said.

He said the government should seriously consider the demand of Balochistan’s traders, otherwise thousands of people would lose jobs, and the trade deficit of Pakistan would further widen.

Mr Dashti said the SBP should make policies keeping in mind the ground realities and taking all the stakeholders into confidence.

Published in Dawn, January 15th, 2022



Failure of accountability
Updated 26 Jan, 2022

Failure of accountability

THE resignation of PTI government’s accountability czar Barrister Shahzad Akbar is a blow to the party’s central...
26 Jan, 2022

New freight service

THE launch of a new railway freight service connecting the Karachi port with the industrial and commercial centres ...
26 Jan, 2022

Flying curbs

THE unexpected decision of the European Union Aviation Safety Agency to continue its ban on PIA operations to EU...
Under pressure
Updated 25 Jan, 2022

Under pressure

It is fairly obvious that PM is cognisant of the trouble that his government is in from a political and economic perspective.
25 Jan, 2022

Ukraine tensions

TENSIONS between Nato and Russia over Ukraine have reached a critical pass, and there are genuine fears of a fresh...
25 Jan, 2022

Defeating polio

WITH Pakistan in the decisive stage of the battle against polio, every vaccination campaign is of significance as it...