Businessmen hail PSW system for facilitation of cross-border trade dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Report by Wakil-ur-Rehman Businessmen conducting trade along the Pakistan-Afghanistan border are forced to use two parallel payment systems. Afghanistan has been facing deepening financial crisis ever since the Taliban seized power, toppling the previous government in Kabul in mid-August this year. The crisis is becoming deeper because the country s international accounts and assets have been frozen by the United States and other key financial institutions. Kabul is facing an acute shortage of foreign currency, especially US dollars, to carry on normal trade with other countries. Meanwhile, the country was also unable to use normal banking channels to do the same. At the same.