AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

Iran will face further sanctions in June if it continues to defy UN demands that it stop uranium enrichment work, a senior US official said on Wednesday. Iran has repeatedly stated it would not give up its nuclear fuel programme which it says is aimed only at producing electricity. The West suspects Tehran wants to build bombs.
"If Iran doesn't say yes to negotiations ... they're going to find a third Security Council (sanctions) resolution in the month of June," US Under Secretary of State Nicholas Burns told reporters at the US embassy. The United Nations has imposed two sets of sanctions after Iran rejected resolutions ordering it to freeze nuclear work.
Burns did not give a deadline for Iran to suspend enrichment but said if Tehran had not moved by the Group of Eight (G8) summit in early June, it would be time to increase sanctions. The United States, Britain, France and Germany have made a full suspension of enrichment work a condition for beginning negotiations. Iran says it wants to negotiate but not if it has to freeze enrichment.
Burns is in Berlin for meetings with political directors from the G8 nations to prepare for the group's summit in Heiligendamm, Germany, and meetings on Iran with Germany and the other four permanent UN Security Council members - Britain, France, Russia and China.
US officials said the six world powers were originally planning to meet on Wednesday to discuss Iran. They will now meet early on Thursday. Among the discussion topics is the possible language for a sanctions resolution, diplomats said.
China would participate via telephone, Burns said. Among possible sanctions was an increase in the number of Iranian banks to be blacklisted by the United Nations, several diplomats said. However, German Foreign Ministry spokesman Martin Jaeger said sanctions would not be on the agenda. The powers intended to prepare for the next meeting between EU foreign policy chief Javier Solana and Iranian nuclear negotiator Ali Larijani.
Solana met Larijani recently and said the meeting was very difficult as Iran had said it had no intention of suspending uranium enrichment. Under the draft, the G8 would "support adopting further measures should Iran refuse to comply with its obligations", said the official, declining to be named. Germany is the G8 president. Other members are the United States, Russia, Britain, France, Italy, Canada and Japan.
Several diplomats said the major powers were satisfied with the impact sanctions were having and that Iranians were growing increasingly worried about the economic pressures. But Iranian Deputy Foreign Minister Abbas Araghchi dismissed on Wednesday suggestions sanctions were having an impact.

Copyright Reuters, 2007

Comments

Comments are closed.