SBP no­ti­fies lift­ing of UNSC sanc­tions against Iran

The Pak Banker - - COMPANIES/BOSS -

State Bank of Pak­istan (SBP) has in­formed banks and other fi­nan­cial in­sti­tu­tions that pre­vi­ous sanc­tions on Iran have been re­moved and nor­mal busi­ness ac­tiv­i­ties can be com­menced within the scope of UNSC res­o­lu­tion.

The SBP has ad­vised banks/FIs to re­main mind­ful about the ac­tiv­i­ties and per­sons which con­tin­ued to re­main on the United Na­tions' Se­cu­rity Coun­cil (UNSC) list, as well as the cur­ren­cies or fi­nan­cial sys­tems which were sub­ject to cer­tain re­stric­tions, said SBP state­ment here Thurs­day. The SBP has is­sued such in­struc­tions to banks/FIs in line with the Fed­eral Govern­ment's de­ci­sion to im­ple­ment UNSC res­o­lu­tion 2231 dated July 20, 2015 re­gard­ing lift­ing of sanc­tions against Iran.

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