The informal method of transferring money has existed for centuries, but is outlawed in many countries, including Pakistan, India and Bangladesh.
#profitmagazine #hawalamoney #hundi
Why has hundi been a part of Pakistani financial system for so long & can anything be done about it?
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India-Pakistan trade faces new blow after Kashmir attack, diplomatic rift
Trade worth billions of dollars through third countries like UAE and Singapore could also be affected, potentially driving up the prices of medicines, tea, and fertiliser in Pakistan
