Pakistan, Belarus Eye Local Currency Trade to Boost Bilateral Ties

Pakistan and Belarus have agreed to explore local-currency settlements to boost bilateral trade, ahead of their Joint Ministerial Commission session. This move aims to facilitate transactions and identify practical financial arrangements, reducing reliance on third-party currencies. The initiative could strengthen Pakistan's balance of payments over time by diversifying trade payment methods. While a positive step for long-term economic stability, its immediate impact on USD/PKR or gold prices is likely to be marginal for traders.

بحوالہ / Source: www.brecorder.com