ISLAMABAD : Federal Minister for Finance Senator Ishaq Dar chaired a high-level meeting to review Pakistan’s trade with Afghanistan Thursday and decided that payments against exports to Afghanistan would no longer be in Pak Rupees and the normal trading regime would apply with effect from March 17, 2014. The decision is likely to earn foreign exchange of $1 billion, increase exports to Afghanistan, benefit business community as well as the people of Khyber Pakhtunkhwa and reflect actual export figures of the country.The meeting was informed that Pakistan’s export to Afghanistan during 2012-13 amounted to $2.3 billion.

This also included trade undertaken in Pak Rupee estimated at 50pc of the total exports.

After consultations and due recommendations by the concerned Ministries, the Finance Minister said a two month period was however being given to allow exporters serving any existing contracts.