The chairman of Pakistan&& s Forex Association states that over the previous couple of months, about $2 billion dollars has gotten in Afghanistan through the nation&& s border, both lawfully and illegally.Speaking at an interview on Tuesday, Malik Bostan stated that in the past, countless dollars streamed into Pakistan from Afghanistan and was exchanged in the country, but this pattern has not reversed.&& About 2 billion dollars have actually gone to Afghanistan from Pakistan in the kind of authorities and informal trade, abuse of transit trade, smuggling and through the borders, and this has damaged Pakistan&& s foreign exchange reserves and caused a heavy decrease in the value of the currency,& & said Bostan.According to him, Pakistan&& s economy is suffering irreversible damage due to Afghanistan&& s transit trade, which has actually grown considerably.&& In Afghanistan, due to financial sanctions, the savings account and system are frozen, so our trade with Afghanistan is refrained from doing through banking channels, however in cash,& & he said.
& Only about 15,000 individuals go to Afghanistan every day and each of them brings $1,000 into this country, which is an overall of $15 million dollars going into Afghanistan every day, and this has actually ended up being uncontrollable,& & he added.According to him, at the beginning of the Islamic Emirate&& s rule in Afghanistan&, Pakistan & s forex reserves were $22 billion dollars and its import costs was $4.5 billion dollars.This is while the border police of Herat province jailed 2 people who wanted to import $80,000 into Iran.The post Flow of United States dollars into Afghanistan ‘& lsquo; damages Pakistan&& s forex reserves & first appeared on Ariana News.