Pakistan authorities assure Iran of immediate resumption of banking ties

Islamabad, Dec 25, IRNA -- High Pakistani officials, especially Speaker of the National Assembly and Governor State Bank, have assured Iran that banking relations with the Islamic Republic will be restored soon.

Iran Parliament Speaker Ali Larijani who is in Pakistan to attend 1st Speakers Conference in Islamabad met with Governor State Bank Tariq Bajwa in the presence of Pakistani Speaker Sardar Ayaz Sadiq.

The meeting was also attended by Ambassador of Iran to Pakistan Mehdi Honardoost, Chairman of Pakistan’s National Assembly Standing Committee on Foreign Affairs Khusro Bakhtyar, Secretary Finance Shahid Mehmood and permanent representative of Iran Central Bank Samad Karimi.

Larijani during the meeting touched upon the difficulties in Iran-Pakistan trade ties saying that he had also raised the issue in his meetings with Prime Minister Shahid Khaqan Abaasi and Chairman Senate Raza Rabbani.

He added that Iran is having a trade of more than $100 billion with other countries and desires to have strong trade ties with Pakistan also.

Larijani said that currently the trade volume of Iran-India is $6 billion, and the plan to take Iran-Pak trade volume to $5 billion is also achievable through strong determination and practical measures.

He appreciated the role of Pakistani Speaker regarding resumption of banking ties with Iran, adding that it will benefit both countries.

Iran's Central Bank's special representative during the meeting presented a detailed report on Iran-Pakistan trade relations and also gave a briefing on Iran’s banking ties with other countries.

He said that currently Iran's Central Bank is having economic and financial activities under various international laws of the world, with Russia, Oman, South Korea and India.

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