May 18: The News report by Erum Zaidi states that Pakistani banks are wary of establishing links with their Iranian counterparts to settle bilateral trade payments as US pullout from nuclear deal refueled fear of economic sanctions on the neighboring Iran, senior bankers said on Thursday. A banker told The News that the prospects of setting up alternative payments mechanism for trade with Iran turned less likely in anticipation of new US sanctions on Iran following the American withdrawal from the nuclear deal.
The News: Sanctions-scarred banks reluctant to resume transactions with Iran
