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Pakistan is warned by the US of “possible sanctions” for trading with Iran.

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8 months ago

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A “risk of possible sanctions” against Pakistan if Islamabad conducted business with Iran was alluded to by the US on Monday.

In response to an inquiry regarding Iran’s visit, US State Department spokesperson Matthew Miller United States is one of Pakistan’s main export markets, according to President Ebrahim Raisi. Citing the possibility of sanctions, he did, however, advise “caution to those considering trade deals with Iran.”

“We advise anyone considering business deals with Iran to be aware of the potential risk of sanctions.”

Reminding Pakistan of the importance of the US as the largest overseas market and one of the largest investors in the nation, the spokeswoman did not mention Pakistan by name.

Also, for the previous 20 years, we have been a major investor in Pakistan. We are interested in Pakistan’s economic prosperity together, and we hope to keep working together,” he continued.

President Raisi made hints about the prospect that sanctions imposed because of Iran could endanger US-Pakistan relations, referring to his three-day visit to Pakistan and the bilateral agreements signed by both.

Remember how the US threatened to impose sanctions on Islamabad last month for receiving gas from Iran, announcing that “we do not support this pipeline going forward”?

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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