PaK traders say yes
Mirpur, Feb 19: A group of traders from Pakistan administered Kashmir (PaK) has suggested using US Dollar as medium of exchange in trade across Line of Control (LoC) “till the settlement of currency issue by the governments of India and Pakistan,” sources said.
The traders a meeting at Chakan Da Bagh reiterated their demand that trade across the LoC should be conducted in US dollars, sources said.
Presently trade across LoC has been limited to barter system. Goods worth Rs 70 million were exchanged on the Poonch-Rawlakot route through historic Taitrinote-Chakan-Da-Bagh crossing this week, sources said.
The trade is conducted every Tuesday and Wednesday.
The meeting also urged the governments of Pakistan and India to allow the traders to freely visit each other’s territory for trade purposes.
Traders who attended the meeting, according to sources, included Munawwar Hussain from Kotli, Zaffar Iqbal from Hajeera, Nadeem Abbasi from Abbaspur, Zaffar Iqbal of Kotli and Choudhary Rashid of Hajeera.
Lastupdate on : Sat, 19 Feb 2011 21:30:00 Makkah time
Lastupdate on : Sat, 19 Feb 2011 18:30:00 GMT
Lastupdate on : Sun, 20 Feb 2011 00:00:00 IST
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