By John Lee.
The head of Pakistan’s central bank says that his country is fully open for Iranian banks to open branches.
The Governor of the State Bank of Pakistan (SBP) (Central Bank of Pakistan), Ashraf Mahmood Wathra, told IRNA that Bank Melli Iran had expressed an interest in opening a branch in Pakistan, adding “we will be very happy to revive that request if Bank Melli approaches the State Bank of Pakistan.”
He said Pakistan’s Habib Bank and United Bank maintained representative offices in Iran throughout the sanctions.
“I am sure Habib Bank and United Bank will be [some] of the first Pakistani banks to start branches in Iran after lifting of sanctions,” he said.
“Our market is very excited, our businessmen are excited, many visits have already taken place and we are looking forward to reviving centuries old trade relationship,” he added.