Pakistani Banks Allowed To Do Business With Iran

Pakistani banks have been allowed to restore normal financial relations with Iran in the wake of lifting of ban on Tehran by the United Nations Security Council (UNSC). The State Bank of Pakistan (SBP) has issued instructions to all banks and financial institutions in this regard. However, Banks and Financial Institutions have been advised to remain mindful about the activities and persons who continue to remain on the UNSC list, as well as the currencies or financial systems which are subject to certain restrictions.