KABUL: China and Pakistan in a hurry to exploit the Afghan economy because both of them have announced certain attractive benefits for Afghanistan, most of which will benefit the former and the last in the near future, said a media report on Thursday.
Afghanistan which is hit by war will experience extraordinary financial difficulties.
And new rulers are not experienced to deal with complicated economic problems faced by poor countries.
The former head of the Afghan central bank also left the country leaving financial decisions in chaos.
However, recently the Taliban had appointed a new head.
Most Afghan officials who deal with financial problems now have multiple citizenship and have many reasons to be aware of anger from new authorities that can expand to their families, website websites are reported on Thursday.
Any initiative, even by floating or discussion, without action, can be risky.
It opens the prospect of Pakistani officials, such as the military who has helped the Taliban achieve last month’s victory, may be designed to be carried out, or guided, running the Afghan economy, at least for some time, according to Forever.
In an effort to take advantage of the situation, Islamabad and Beijing have hit a plan.
The first step was taken by Islamabad recently, he announced trading with Afghanistan in Pakistan Rupees.
Finance Minister Shaiukat Tarin was quoted as the reason the dollar was beating fast in Kabul.
He also offered to help the Taliban to fill the remaining technical position due to recent evacuation.
The communist regime also began to lure the Taliban.
Recently, China – a country known to lend money easily – has committed USD 31 million to make the Afghan economy move.
In return, the Taliban has also shown interest in the tie-up with BRI China.
When other countries decide whether they should recognize the Taliban, Beijing and Islamabad temporary governments have begun to act on financial problems related to Afghanistan.
However, in all these developments, China seems to be a greater beneficiary because the economy and Pakistani currency has dependent on China.
And since 2018, Islamabad mostly began trading with Beijing in Chinese Yuan currencies, producing a large portion of Yuan Sino-sir-based trading, increasing the prospect of three-way economic, the word indsideover.
In this case, being the strongest currency of Yuan China will benefit from massively while it will allow the size of the advantage of the other two.
Pakistan seems to be benefited, acting as an intermediary and cornering resources by transiting and facilitation costs.
However, at present, Pakistani economics in the eternal crisis and carry out a large deficit in terms of debt services, among other indicators.
On Wednesday, Pakistani Rupees reached the lowest level of all time of RS 169.94 against the US dollar in the interbank market.
According to Forever, Afghanistan was ranked as one of the most risky and fragile economies in the world despite receiving Western assistance for two decades.
The World Bank said that in Afghanistan, poverty is endemic, such as backwardness.
It also added that almost 90 percent of the Afghan population lived less than USD 2 a day and Kabul, who received USD 4.2 billion in assistance in 2019 would receive maybe this year.
Beijing and Islamabad monitored developments in Afghanistan carefully.
China, Pakistan rushes to exploit the weakening of the Afghan economy: report
