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Iran’s exports to Pakistan halted temporarily due to banking sanctions

Tehran, Oct 19 (UNI) Iran’s exports to Pakistan have been “temporarily” halted due to banking sanctions, while imports from Pakistan continue, Iranian media reported on Saturday.
Peyman Sanandaji, head of the Transportation Commission at the Tehran Chamber of Commerce, told Mehr News Agency that the shared land border remained open, dismissing reports that a border crossing had been closed.
Sanandaji said Pakistani importers were required to submit electronic import forms through Pakistan’s banking system for goods purchased from Iran.
However, sanctions targeting Iran’s banking system have complicated the process, creating difficulties for Iranian exporters and Pakistani importers, he said.
Imports from Pakistan into Iran continue, Sanandaji added, warning that Iranian exports to Pakistan would remain effectively suspended if the banking restrictions persisted.UNI AAB
The United States has imposed extensive sanctions on Iran’s banking sector, restricting transactions with Iranian financial institutions and potentially exposing foreign banks dealing with sanctioned Iranian entities to US penalties.
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