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Reading: PFMA protests Afghan export in foreign currency
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PhotoNews Pakistan > Business > PFMA protests Afghan export in foreign currency
Business

PFMA protests Afghan export in foreign currency

Web Desk
By Web Desk Published April 29, 2014 1 Min Read
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The recent restriction by the federal government to export wheat and wheat products to Afghanistan in foreign currency only is hitting centuries-old Afghan market and driving Pakistani products out of the market.

This was claimed by the officials of Pakistan Flour Mills Association (PFMA) here on Monday.

Addressing a joint press conference, they said wheat products export to the Afghan market had already become negligible and was being fast replaced by the Indian exports.

The milling industry has invested billions of rupees in the Afghan market, which is being threatened by this restriction. “The government had already experimented with such a curb and failed. Why is it repeating the mistake,” they wondered and demanded: “Wheat and its products’ trade with Afghanistan be allowed in local currency.”

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