AGL 38.41 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 199.40 Decreased By ▼ -3.62 (-1.78%)
BOP 10.00 Decreased By ▼ -0.17 (-1.67%)
CNERGY 6.44 Decreased By ▼ -0.10 (-1.53%)
DCL 9.30 Decreased By ▼ -0.28 (-2.92%)
DFML 38.99 Decreased By ▼ -1.03 (-2.57%)
DGKC 98.50 Increased By ▲ 0.42 (0.43%)
FCCL 35.38 Increased By ▲ 0.42 (1.2%)
FFBL 86.80 Increased By ▲ 0.37 (0.43%)
FFL 13.73 Decreased By ▼ -0.17 (-1.22%)
HUBC 129.49 Decreased By ▼ -2.08 (-1.58%)
HUMNL 13.95 Decreased By ▼ -0.07 (-0.5%)
KEL 5.40 Decreased By ▼ -0.21 (-3.74%)
KOSM 7.35 Increased By ▲ 0.08 (1.1%)
MLCF 45.70 Increased By ▲ 0.11 (0.24%)
NBP 61.60 Decreased By ▼ -4.78 (-7.2%)
OGDC 217.85 Decreased By ▼ -2.91 (-1.32%)
PAEL 39.60 Increased By ▲ 1.12 (2.91%)
PIBTL 8.59 Decreased By ▼ -0.32 (-3.59%)
PPL 192.61 Decreased By ▼ -5.27 (-2.66%)
PRL 40.79 Increased By ▲ 1.76 (4.51%)
PTC 25.60 Increased By ▲ 0.13 (0.51%)
SEARL 108.00 Increased By ▲ 4.95 (4.8%)
TELE 8.84 Decreased By ▼ -0.18 (-2%)
TOMCL 36.39 Decreased By ▼ -0.02 (-0.05%)
TPLP 14.30 Increased By ▲ 0.55 (4%)
TREET 25.25 Increased By ▲ 0.13 (0.52%)
TRG 56.80 Decreased By ▼ -1.24 (-2.14%)
UNITY 33.50 Decreased By ▼ -0.17 (-0.5%)
WTL 1.64 Decreased By ▼ -0.07 (-4.09%)
BR100 11,806 Decreased By -84.4 (-0.71%)
BR30 36,801 Decreased By -555.6 (-1.49%)
KSE100 110,171 Decreased By -899 (-0.81%)
KSE30 34,635 Decreased By -273.6 (-0.78%)
Pakistan

Pakistan terms US sanctions on entities as unfortunate, biased

  • FO says such double standards and discriminatory practices not only undermine the credibility of non-proliferation regimes but also endanger regional and international peace and security
Published December 19, 2024 Updated December 19, 2024 11:38am

Pakistan termed on Thursday the decision of the US to impose sanctions on National Development Complex and three commercial entities as “unfortunate and biased”.

In a statement, the Foreign Office (FO) said the latest installment of sanctions defies the objective of peace and security by aiming to accentuate military asymmetries.

“Such policies have dangerous implications for strategic stability of our region and beyond,” the ministry said.

On Wednesday, the US said it was imposing new sanctions related to nuclear-armed Pakistan’s long-range ballistic-missile program, including on the state-owned defense agency that oversees the program.

State Department spokesperson Matthew Miller said in a statement that the measures slapped on the National Development Complex and three firms were imposed under an executive order that “targets proliferators of weapons of mass destruction and their means of delivery.”

Meanwhile, the FO said that Pakistan’s strategic programme is a sacred trust bestowed by 240 million people upon its leadership.

It further said that the sanctity of this trust, held in the highest esteem across the entire political spectrum, “cannot be compromised”.

“We also regret the imposition of sanctions on private commercial entities. Similar listings of commercial entities in the past were based on mere doubts and suspicion without any evidence whatsoever,” the FO said.

“While claiming strict adherence to non-proliferation norms, licensing requirement for advanced military technology to other countries have been waived off in the past.

“Such double standards and discriminatory practices not only undermine the credibility of non-proliferation regimes but also endanger regional and international peace and security.”

US imposes sanctions on National Development Complex and other entities

A State Department factsheet said the Islamabad-based NDC has sought to obtain components for the country’s long-range ballistic-missile program and missile-testing equipment.

It said the NDC “is responsible for the development of Pakistan’s ballistic missiles,” including the Shaheen family of missiles.

The other entities slapped with sanctions were Affiliates International, Akhtar and Sons Private Limited and Rockside Enterprise, all located in Karachi, the factsheet said.

It said the companies worked with the NDC to acquire equipment.

“The United States will continue to act against proliferation and associated procurement activities of concern,” Miller said.

The sanctions freeze any US property belonging to the targeted entities and bars Americans from doing business with them.

Comments

200 characters