Pakistan's dollar profiteers prosper as banks, businesses suffer

Greenbacks smuggled in orange crates to Afghan border in pursuit of fat margins

20221219 dollars pak

A trader counts dollars at a currency exchange booth in Peshawar, Pakistan in September 2021. Insiders say unauthorized dealers are siphoning dollars from legal channels. © Reuters

MIFRAH HAQ, Contributing writer

KARACHI -- Scarce U.S. dollars are the hottest commodity in Pakistan as official currency exchanges run dry and the crisis-gripped government scrambles to clamp down on rampant profiteering.

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