Advertisement

SMEs urged to remain cautious with Afghan transactions

  • Web Desk
  • Share

SMEs urged to remain cautious with Afghan transactions

SMEs urged to remain cautious with Afghan transactions

Advertisement

KARACHI: The Union of Small and Medium Enterprises (Unisame) has warned its Small and Medium Enterprises (SMEs) to remain cautious with the Afghan transactions in view of the prevailing political situation in major parts of that country.

Unisame president Zulfikar Thaver cautioned the SME exporters about the situation of Afghanistan, as almost 85 per cent Afghani territories has been taken over by the Taliban.

He said in such a situation the banks would not be able to transact remittances; therefore, it would be best to seek advance payments for orders.

The Afghanistan’s situation would prove tedious because of the fact that it was buying goods from Pakistan, and being a landlocked country, it is depending on Pakistan for its imports and exports, he said.

Afghanistan always used Pakistan for its smuggling and foreign currency purchases and burdened the country with foreign currency liabilities by placing import orders through Pakistan.

Advertisement

Thaver alerted all the SMEs dealing with Afghanistan to ensure security and not indulge in credit transactions and demand advance payments in dollars or Pakistani rupees, as the Afghan currency would lose value in view of the impact of takeover and fall of government on the economy.

“Nevertheless, we hope and wish best for our Afghan brothers and pray for the stability in Afghanistan and assure them of our cooperation, as always,” he added.

Also Read

PSX holds gong ceremony to mark listing of Citi Pharma Limited

KARACHI: The Pakistan Stock Exchange (PSX) witnessed another positive development, as the...

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Gold Rate in Qatar Today – 28 April 2024
EURO to PKR – Euro rate in Pakistan today – 28 April 2024
Gold Rate in Saudi Arabia Today - 28 April 2024
QAR TO PKR: Qatari Riyal to PKR exchange rates on 28 April 2024
Gold Rate in UAE: Today Gold Rate in Dubai – 28 April 2024
BTC TO PKR: Today’s Bitcoin price in Pakistan on 27 April, 2024
Next Article
Exit mobile version