Governor of State Bank of Pakistan (SBP) Ashraf Mahmood Wathra says Pakistan government has approved an agreement between the SBP and Central Bank of Iran (CBI) that would soon be formally signed, Pakistans state news agency APP reports.
He said the agreement would allow Pakistani and Iranian exporters to settle their claims through the State Bank of Pakistan and Central Bank of Iran, respectively.
He was speaking at Lahore Chamber of Commerce & Industry (LCCI).
The SBP Governor said, “Trade with Iran is very close to my heart. I am pursuing since my appointment without wasting any moment”.
The agreement between the State Bank of Pakistan and Central Bank of Iran would help boost mutual trade volume, he added.
Speaking on the occasion, LCCI President Abdul Basit called for establishment of banking channels between Pakistan and Iran to ensure documented trade.
Source: IRNA - Date: (04 March 2017)