Pakistan lifts sanctions on Iran

Written by  Published by:Shiite News
Published in Pakistan
Saturday, 20 February 2016

Pakistan lifts sanctions on Iran

Shiite News: Pakistan has lifted sanctions on Iran pursuant to United Nations Security Council Resolution 2231.

The modalities for lifting of sanctions were finalised in an inter-ministerial meeting chaired by Finance Minister Ishaq Dar. A formal notification has been issued to this effect by the Ministry of Foreign Affairs after the meeting. This would revive economic and commercial relationship between Pakistan and Iran, including in the areas of trade, investment, technology, banking, finance and energy.

Pakistan took one month to lift the sanctions after the world powers, particularly the United States, removed a wide range of curbs against Iran on January 16. Washington lifted sanctions after the International Atomic Energy Agency (IAEA) confirmed that Tehran had met its commitments to roll back its nuclear programme under the July 14, 2015 agreement.

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