TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Debt laden Pakistan hit by US sanctions on its ballistic missile programme

TFIGLOBAL News Desk by TFIGLOBAL News Desk
September 14, 2024
in Geopolitics
Debt laden Pakistan hit by US sanctions on its ballistic missile programme

Image Source : cnbctv18.com

Share on FacebookShare on X

As Pakistan looks to the International Monetary Fund (IMF) for another bailout, the US state department has imposed sanctions on multiple Chinese firms, for their supply to Pakistan’s ballistic missile programme, under the missile sanctions laws.

State Department spokesperson Matthew Miller informed in a press statement: “The Department of State is taking action on five Chinese companies and one individual that have been involved in the proliferation of ballistic missiles and controlled missile equipment and technology. Specifically, the Department of State is designating the Beijing Research Institute of Automation for Machine Building Industry (RIAMB) pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery.”

Also Read

While EU Sanctions BRICS Nations, Russian Pipeline Gas Exports to Europe Surge 37% in July

China intercepts US military aircraft over Taiwan? As China’s Z 10 attack helicopters track foreign incursion

NATO Deploys Warships to Patrol Arctic Waters: Strategic Move Against Russia Growing Influence?

The US has imposed sanctions on the Beijing Research Institute of Automation for Machine Building Industry (RIAMB), which has worked with Pakistan’s National Development Complex (NDC), under the missile sanctions laws (i.e. the Arms Export Control Act [AECA] and the Export Control Reform Act [ECRA]).

“Additionally, the United States is imposing sanctions under the missile sanctions laws (i.e., the Arms Export Control Act [AECA] and the Export Control Reform Act [ECRA]) on three PRC-based entities, one PRC individual, and a Pakistan entity for ballistic missile proliferation activities: PRC-based firms Hubei Huachangda Intelligent Equipment Company, Universal Enterprise Limited, and Xi’an Longde Technology Development Company Limited (aka Lontek); PRC individual Luo Dongmei (aka Steed Luo); and Pakistani-based entity Innovative Equipment,” the press statement read.

“The United States will continue to act against proliferation and associated procurement activities of concern, wherever they occur,” Mr Miller concluded.

This is not the first time the US has taken action against entities involved in supplying Pakistan’s ballistic missile programme. Previously four entities including Belarus based Minsk Wheel Tractor Plant and three Chinese entities were designated for their involvement in supplying missile applicable items to Pakistan’s long range ballistic programme.

In April this year Vendant Patel, Deputy spokesperson for the Department of State had warned that anyone considering business deals with Iran should be aware of the potential risk of sanctions.

Meanwhile the International Monetary Fund on Thursday said that its board will meet on September 25 to discuss the $7 billion Extended Fund Facility (EFF) to Pakistan. This will be the 24th bailout for the cash strapped nation. Pakistan’s external debt obligations exceed $130 billion. Earlier China, Saudi Arabia and UAE had agreed to roll over Pakistan’s 12 billion dollar debt, to next year. The Shebaz Sharif led government has been steadily increasing the taxes to manage the country’s debts, but these new sanctions and the harsh line the USA is taking will be another blow for the staggering nation.

-By Jyotirmay Kaushal

Tags: ballistic missilesBeijing Research InstituteChinaexport controlExtended Fund FacilityIMFmissile proliferationPakistanShehbaz SharifUS sanctions
ShareTweetSend
TFIGLOBAL News Desk

TFIGLOBAL News Desk

Right Arm. Round the World. Fast.

Also Read

While EU Sanctions BRICS Nations, Russian Pipeline Gas Exports to Europe Surge 37% in July

While EU Sanctions BRICS Nations, Russian Pipeline Gas Exports to Europe Surge 37% in July

August 5, 2025
Trump vs India: Tariffs, Russian Oil, American double standard

HYPOCRISY ALERT! Trump threatens India with “Substantially Raising the Tariffs”, accusing it of fueling “Russian war machine”. New Delhi hits back US, EU by citing their own huge import with Russia

August 5, 2025
Russia Exits Nuclear Treaty and End the Moratorium on Medium-Range Missiles as a Result of NATO Countries' Anti-Russian Policy (Picture Credit: The Telegraph)

Russia Exits Nuclear Treaty: End the Moratorium on Medium-Range Missiles as a Result of NATO Countries’ Anti-Russian Policy

August 5, 2025
EU economies suffer shocking €1 trillion losses after cutting ties with Russia, “this is the price they pay for pushing out Russia”

EU economies suffer shocking €1 trillion losses after cutting ties with Russia, “this is the price they pay for pushing out Russia”

August 4, 2025
After tariffs, mass protests in Brazil, US vs BRICS again? Lula accuses US of economic coercion and destabilizing Brazil “wont forget US staged coup”

After tariffs, mass protests in Brazil, US vs BRICS again? Lula accuses US of economic coercion and destabilizing Brazil “wont forget US staged coup”

August 4, 2025
China intercepts US military aircraft over Taiwan? As China’s Z 10 attack helicopters track foreign incursion

China intercepts US military aircraft over Taiwan? As China’s Z 10 attack helicopters track foreign incursion

August 4, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.