The Express Tribune - The State Bank of Pakistan (SBP) on Tuesday introduced a new mechanism for trade with Iran, which will be available as an additional mode along with previous other permissible mechanisms for the settlement of trade transactions. In a circular issued to heads of all authorised foreign exchange dealers, the SBP said that the ...

Press TV - The State Bank of Pakistan (SBP) and Central Bank of the Islamic Republic of Iran (CBI) have reached an agreement on banking and payment, as the two countries seek to raise the volume of bilateraltrade to $5 billion. SBPDeputy Governor Riaz Riazuddinand Gholamali Kamyab, the CBI deputy governor for forexaffairs, signed the agreement on ...

Dawn- An agreement between the State Bank of Pakistan (SBP) and the Central Bank of Iran will be signed soon, allowing Pakistani and Iranian traders to settle their claims through the two central banks, SBP Governor Ashraf Mahmood Wathra said on Friday. Addressing the business community at the Lahore Chamber of Commerce and Industry (LCCI), Mr Wathra ...

Pakistans media reported on Thursday that the country is preparing to ditch the dollar and use euros in trade with Iran. The Express Tribune has quoted an the State Bank of Pakistan (SBP) as announcing in a statement that a plan has been prepared to enable Pakistani businessmen to open letters of credit (L/Cs) for imports from Iran in euros instead ...