AGL 37.00 Decreased By ▼ -0.98 (-2.58%)
AIRLINK 223.00 Increased By ▲ 3.00 (1.36%)
BOP 11.07 Increased By ▲ 0.26 (2.41%)
CNERGY 7.69 Decreased By ▼ -0.16 (-2.04%)
DCL 9.61 Increased By ▲ 0.46 (5.03%)
DFML 41.75 Increased By ▲ 0.97 (2.38%)
DGKC 111.20 Increased By ▲ 6.28 (5.99%)
FCCL 38.27 Increased By ▲ 1.69 (4.62%)
FFL 18.31 Increased By ▲ 0.38 (2.12%)
HUBC 135.10 Increased By ▲ 4.21 (3.22%)
HUMNL 15.71 Increased By ▲ 1.04 (7.09%)
KEL 5.55 Decreased By ▼ -0.05 (-0.89%)
KOSM 7.44 Increased By ▲ 0.06 (0.81%)
MLCF 50.53 Increased By ▲ 4.59 (9.99%)
NBP 66.59 Decreased By ▼ -0.33 (-0.49%)
OGDC 228.01 Increased By ▲ 0.75 (0.33%)
PAEL 43.50 Decreased By ▼ -0.35 (-0.8%)
PIBTL 9.35 Decreased By ▼ -0.03 (-0.32%)
PPL 203.01 Decreased By ▼ -0.54 (-0.27%)
PRL 42.60 Decreased By ▼ -1.72 (-3.88%)
PTC 27.25 Decreased By ▼ -0.02 (-0.07%)
SEARL 107.20 Increased By ▲ 2.74 (2.62%)
TELE 9.79 Increased By ▲ 0.09 (0.93%)
TOMCL 36.64 Increased By ▲ 0.95 (2.66%)
TPLP 15.25 Decreased By ▼ -0.39 (-2.49%)
TREET 27.00 Decreased By ▼ -1.09 (-3.88%)
TRG 70.40 Decreased By ▼ -0.27 (-0.38%)
UNITY 34.24 Decreased By ▼ -0.30 (-0.87%)
WTL 1.77 Decreased By ▼ -0.01 (-0.56%)
BR100 12,463 Increased By 75.9 (0.61%)
BR30 37,823 Decreased By -882.4 (-2.28%)
KSE100 117,280 Increased By 2153.3 (1.87%)
KSE30 36,935 Increased By 753 (2.08%)

The United States has imposed sanctions against nine companies from China, India and Austria for supplying Iran with military equipment and technology, the State Department said Tuesday.
The sanctions, which ban the companies from doing business with the US government and US companies, were based on the Iran Non-Proliferation Act of 2000, which aims at preventing Teheran from developing nuclear weapons.
The United States has accused Iran of seeking to develop nuclear arms under the cover of its civilian nuclear energy program.
"These entities will be sanctioned based on credible information that they transferred equipment and technologies referred on the multilateral control lists to Iran," said State Department spokesman Adam Ereli. "They are serial offenders," he added.
The companies hit were the public company China National Aero-Technology Import and Export Corporation (Catic), missile builder China North Industries Corp (Norinco), the chemical equipment group Zibo Chemet Equipment Corp, Hongdu Aviation, Ounion International Economic and Technical Co-operative Ltd, Limmt Metallurgy and Minerals.
Two Indian chemical groups were also cited: Sabero Organics and Sandhya Organics. Also cited was Austrian firearms maker Steyr-Mannlicher.
Ereli did not provide details on what the companies supplied to Iran, but stressed the credibility of the information on which Washington based the sanctions, which took effect December 23.
He noted that Norinco, a leading Chinese defence industry conglomerate, is a repeat offender.
He also praised the Austrian government for its co-operation in the case of Steyr-Mannlicher, suggesting as well that the sanctions on Steyr could be lifted quickly.
Some 40 companies have been sanctioned since the establishment of the Iran Non-Proliferation Act.
"It's an important and effective tool in constraining Iran's efforts to develop missile and WMD (weapons of mass destruction) capabilities," Ereli said.

Copyright Agence France-Presse, 2005

Comments

Comments are closed.