AGL 40.45 Increased By ▲ 0.42 (1.05%)
AIRLINK 127.84 Increased By ▲ 0.14 (0.11%)
BOP 6.72 Increased By ▲ 0.11 (1.66%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.79 No Change ▼ 0.00 (0%)
DFML 41.40 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.42 Increased By ▲ 0.63 (0.73%)
FCCL 32.60 Increased By ▲ 0.11 (0.34%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.66 Increased By ▲ 1.89 (1.71%)
HUMNL 14.82 Decreased By ▼ -0.25 (-1.66%)
KEL 5.14 Increased By ▲ 0.26 (5.33%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.51 Decreased By ▼ -0.01 (-0.02%)
NBP 61.06 Increased By ▲ 0.01 (0.02%)
OGDC 196.00 Increased By ▲ 1.13 (0.58%)
PAEL 26.89 Decreased By ▼ -0.62 (-2.25%)
PIBTL 7.32 Decreased By ▼ -0.49 (-6.27%)
PPL 154.05 Increased By ▲ 1.52 (1%)
PRL 26.28 Decreased By ▼ -0.30 (-1.13%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 87.35 Increased By ▲ 3.21 (3.82%)
TELE 7.75 Decreased By ▼ -0.21 (-2.64%)
TOMCL 36.20 Decreased By ▼ -0.40 (-1.09%)
TPLP 8.81 Increased By ▲ 0.15 (1.73%)
TREET 16.55 Decreased By ▼ -1.11 (-6.29%)
TRG 62.70 Increased By ▲ 4.08 (6.96%)
UNITY 28.60 Increased By ▲ 1.74 (6.48%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 10,137 Increased By 136.6 (1.37%)
BR30 31,386 Increased By 383.8 (1.24%)
KSE100 95,007 Increased By 815 (0.87%)
KSE30 29,508 Increased By 307.3 (1.05%)

The United States has extended a waiver of missile proliferation sanctions against certain Chinese government activities, the State Department said Tuesday. "On March 17, we extended for another six months the waiver of import penalties against certain Chinese government activities under the missile sanctions law," the official told AFP, speaking on condition of anonymity. The waiver was in connection with missile sanctions that were imposed in September 2003 against the state-run China North Industries Incorporated (NORINCO), the official said.
NORINCO was accused of selling advanced missile technology to an unnamed state. The company had in the past been punished for sales to Iran.
"The waiver of the import ban under the missle sanctions law was extended because it was essential to the national security of the United States to do so," the US official said, without elaborating.
"It will not be appropriate to comment further concerning the extension of the import ban waiver."
Sanctions, which were first imposed after it was discovered China had sold missile technology to neighbour states, were first waived in September last year for six months.
The sanctions were linked to "the development or production of any missile equipment or technology and activities of the Chinese government affecting the development or production of electronics, space systems or equipment, and military aircraft," according to an official notice issued last week.
The waiver extension came just before Secretary of State Condoleeza Rice visited Beijing and held talks with Chinese leaders amid concerns over China's arms build-up.

Copyright Agence France-Presse, 2005

Comments

Comments are closed.