Times of Islamabad

Despite restrictions, Pakistani currency emerge stronger in neighboring provinces of Afghanistan

Despite restrictions, Pakistani currency emerge stronger in neighboring provinces of Afghanistan

*KABUL – Despite restrictions the Pakistani currency has gone stronger inthe neighboring provinces of Pakistan.*

*Afghan currency which is double in value against Pakistani rupee, beingexchanged at the same value in business transactions in eastern Paktiaprovince of Afghanistan, Ariana News has reported.*

Local residents said that despite the authorities have imposed restrictionson the usage of Pakistani rupees, the foreign currency still being widelyused in the province.

Currently, one thousand Pakistani rupees can be exchanged with 536 Afghanisin the markets; however, local residents said that both currencies have thesame value when purchasing the foodstuff in Paktia province.

They said this situation makes them do their transaction in Pakistanicurrency.

The provincial governor Shamim Katawazai, meanwhile, said that they willsoon address the issue by forming a price list for the items in the localmarkets.

This comes as most of the border provinces in Afghanistan have been underthe economic and cultural influence of neighboring countries includingPaktia province which located near the Pakistan border in the eastern partof the country.