Asif Ali Zardari and Faryal Talpur’s names were removed from the ECL on Wednesday.
The move came after the chief justice said they were not suspects in a money laundering case.
The interior ministry removed their names and sent a notification to all the relevant authorities.
Their names were placed on the ECL by the FIA in a case relating to a Rs34 billion money laundering scheme that involved three banks – Sindh Bank, UBL and Summit Bank.
Summit Bank Vice-Chairperson Hussain Lawai, a close aide of Zardari, was arrested in the case on July 6 and is currently in jail on a judicial remand.
The FIA said there are around 29 fake accounts in seven people’s names through which the money has been funneled.