EFP requests SBP to allow banking transaction with Sudan

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KARACHI : Following removal of decades-old trade sanctions on Sudan by U.S. Government, Sudan has begun receiving foreign exchange inflows through foreign banks, however, State Bank of Pakistan (SBP) has still not issued directives to allow Pakistani banks to conduct financial transactions with Sundanese counterparts.

 

This was stated by Zaki Ahmed Khan, Vice President Employers’ Federation of Pakistan.

 

He further added that there is huge demand for Pakistani sugar, textiles, pharmaceutical and other commodities in Sudan. It is imperative that a clear-cut SBP directive be issued immediately. Pakistan cannot afford to miss this important Northern African country.

 

Zaki Ahmed Khan requested Mr Tariq Bajwa, Governor of State Bank of Pakistan to personally take cognizance of this and allow banks and exporters to take maximum advantage of the Sudanese market demand.

Originally published by NNI

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