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EghtesadOnline: State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has revealed that a cabinet committee has approved an agreement between the SBP and Central Bank of Iran that will be signed soon, The Express Tribune reported.

The agreement will allow Pakistani and Iranian exporters to settle their claims through the SBP and Central Bank of Iran respectively, ISNA reported.

 “Trade with Iran is very close to my heart. I am pursuing it since my appointment,” Wathra said while talking to members of the Lahore Chamber of Commerce and Industry (LCCI) on Friday.

He emphasized that the agreement between central banks of the two countries would help boost mutual trade volume.

Iran Banking Central Bank of Iran Iran-Pakistan cooperation Pakistan banking Ashraf Mahmood Wathra State Bank of Pakistan SBP