Pakistan pushes local currencies in trade to reduce reliance on US dollar

Pakistan is pushing for greater use of national currencies instead of the US dollar in international trade.

Pakistan US dollar trade Reliance currencies local

Nasir Kazmi
Press TV, Islamabad

Pakistan is pushing for greater use of national currencies instead of the US dollar in international trade, as the imposed war on Iran highlights the economic risks facing the region.

Islamabad says regional financial cooperation could help countries strengthen trade, reduce reliance on the dollar-based payments and protect their economies from external shocks.