Pakistan lifts sanctions on Iran

09:35 PM | 19 Feb, 2016
Pakistan lifts sanctions on Iran
ISLAMABAD (Staff Report) - Pakistan has lifted sanctions against Iran, pursuant to UN Security Council Resolution 2231, and has devised a strategy to promote trade ties with the oil rich country.

According to a notification issued by the Ministry of Foreign Affairs after inter-ministerial meeting chaired by Minister of Finance Senator Mohammad Ishaq Dar on Friday, Islamabad will revive all economic and commercial relations with Tehran, including the areas of trade, investment, technology, banking, finance, energy.

All the previous notifications giving effect to sanctions imposed on Iran by UN Security Council stand repealed with the issuance of this new notification.

The meeting also welcomed the Joint Comprehensive Programme of Action (JCPOA) agreed between Iran and world powers, appreciating the steps taken by Iran for the implementation of the JCPOA.