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Chinese suppliers to Pakistan’s ballistic missile program are sanctioned by the US

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On Thursday, the US State Department placed sanctions on a Chinese research institute and multiple businesses that it claimed were providing supplies to Pakistan for its ballistic missile program.

In October 2023, Washington imposed sanctions on three Chinese businesses that were supplying Pakistan with components that may be used for missiles.

The Beijing Research Institute of Automation for Machine Building Industry collaborated with Pakistan to acquire equipment for testing rocket motors for the Shaheen-3 and Ababeel systems, as well as possibly for larger systems, according to a statement released by the department’s spokesperson, Matthew Miller.

According to Miller, the sanctions also targeted Pakistan-based Innovative Equipment, a Chinese national, and the Chinese companies Hubei Huachangda Intelligent Equipment Co., Universal Enterprise, and Xi’an Longde Technology Development Co. for willfully transferring equipment that was restricted by missile technology.

“As today’s actions demonstrate, the United States will continue to act against proliferation and associated procurement activities of concern, wherever they occur,” Miller stated.

Speaking on behalf of China’s embassy in Washington, Liu Pengyu stated: “China firmly opposes unilateral sanctions and long-arm jurisdiction that have no basis in international law or authorization from the UN Security Council.”

According to Liu, China will “firmly protect” the rights and interests of Chinese people and businesses.

A request for response was not immediately answered by Pakistan’s embassy.

Additionally, the United States imposed restrictions on three Chinese businesses last year, alleging they supplied parts for Pakistan’s ballistic missile development that were relevant to missiles. Changzhou Utek Composite Company Ltd., Beijing Luo Luo Technology Development Co Ltd., and General Technology Limited were named as the companies in a State Department announcement.

The US claimed that Beijing Luo Luo had worked to supply mandrels and other machinery that can be used in the production of solid-propellant rocket motors, while General Technology had worked to supply brazing materials used to join components in ballistic missile rocket engines and in the production of combustion chambers.

According to the statement, Changzhou Utek Composite, the third company, has been working since 2019 to supply D-glass fiber, quartz fabric, and high silica cloth, all of which have uses in missile systems.

“Today’s actions demonstrate that the United States will continue to act against proliferation of weapons of mass destruction, their means of delivery, and associated procurement activities of concern, wherever they occur,” the statement read at the time.

Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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