Leading businessman from Khyber Pakhtunkhwa and former Senior Vice President Sarhad Chamber of Commerce and Industry (SCCI), Zia ul Haq Sarhadi has hailed issuance of a circular by government, allowing all exchange companies to bring US dollar in cash in the country.
In a press statement issued here on Tuesday, Zia ul Haq Sarhadi who is also Director Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) and central leader of Custom Clearing Agents Association (PCAA) termed the decision as very timely and welcoming.
In prevailing circumstances such decisions are needed to be taken for overcoming the problem of dollar scarcity in the country as a result of which import and export businesses are under sever stress, Zia commented.
He said provision of importing dollar by exchange companies will help in reducing difference between rates of US dollar in interbank and open market.
Zia said due to shortage of US dollars in market, the business community especially exporters and importers were facing a lot of difficulties in continuation of businesses.
By allowing exchange companies to bring dollars at the ratio of 50 percent under the head of export will help in resolution of this problem.
He said all the public sector entities should adopt the policy of providing ease of doing business to business community and take all decisions while keeping in view ground realities with the objective of brining the country out of prevailing economic stress and constraints.
