The Iranian team beat Nepal 72-27 in the bronze medal match at the Punjab Stadium in Lahore, Pakistan.
Pakistan dethroned India by beating its traditional rivals 40-31 in a controversial final.
Nepal was the only team, who failed to register any win in the six-team tournament, ending at rock bottom.
In the other game, Sri Lanka beat Afghanistan 51-42 to clinch fourth place.
MH
MNA
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