Pakistan’s foreign ministry has endorsed a plan to enhance political and business relations with Iran following the removal of anti-Tehran sanctions, a report said.
According to a report published by the Express Tribune on Tuesday, Pakistan’s Ministry of Foreign Affairs has green-lighted the plan, paving the way to sign a deal between the central banks of Iran and Pakistan to enhance economic relations.
It came after Sate Bank of Pakistan (SBP) said earlier that it is unable to find international banks willing to clear payments in respect of Iranian banks despite the removal of anti-Tehran sanctions.
Tehran and Islamabad signed a letter of content back in March to boost their mutual economic cooperation.
The document was inked during Iranian President Hassan Rouhani’s visit to the South Asian country on March 26.
International interest in ties with Iran has been growing since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized the comprehensive nuclear deal and started implementing it on January 16.
The agreement, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.