ISLAMABAD: The US State Department said on Thursday there were no tensions with Pakistan following Washington’s move to impose sanctions on four international firms for supplying to the South Asian nation’s ballistic missile program.
In a press release issued last Friday, the US State Department announced sanctions against three Chinese companies and one Belarus-based firm on charges they supplied items to Pakistan’s ballistic missile program.
Pakistan has said it rejects the “political use of export controls.”
“Absolutely not … Pakistan continues to be one of our most important partners in the region,” State Department Deputy Spokesperson Vedant Patel told reporters in response to a question about tensions between Washington and Islamabad following the sanctions.
“There continues to be a lot of cooperation that we have with the Government of Pakistan, especially in the security space, especially in the trade sector … This is a robust relationship and we’ll look to continue strengthening it.”
The companies listed by the US for sanctions are the China-based Xi’an Longde Technology Development Company Limited, Tianjin Creative Source International Trade Co. Ltd, Granpect Company Limited and Belarus-based Minsk Wheel Tractor Plant.
The sanctions mean all property and interests in property of the companies in the US or in possession or control of American citizens are blocked and must be reported to the US Treasury Department’s Office of Foreign Assets Control (OFAC), according to the State Department.
They also mean that all transactions by American citizens, or those within (or transiting) the US that involve any property or interests in property of the companies, are prohibited unless authorized by a general or specific license issued by OFAC.
No tension with Pakistan, US says after sanctioning firms for ‘aiding’ ballistic missile program
https://arab.news/63vcr
No tension with Pakistan, US says after sanctioning firms for ‘aiding’ ballistic missile program
- US announced sanctions against three Chinese companies, one Belarus-based firm
- Washington says the firms were supplying items to Pakistan’s ballistic missile program
Pakistan receives $1.2 billion from IMF under EFF, RSF loan programs— central bank
- IMF Executive Board approved Pakistan’s second review under EFF, first review under RSF loan programs this week
- Disbursements from IMF have been crucial for cash-strapped Pakistan as it tries to recover from economic crisis
ISLAMABAD: Pakistan’s central bank announced on Thursday that it has received $1.2 billion under the International Monetary Fund’s (IMF) External Fund Facility and Resilience and Sustainability Facility (RSF) loan programs.
The IMF approved a $7 billion bailout package for Pakistan under its EFF program in September 2024 while in May 2025, it approved a separate $1.4 billion loan to Pakistan under its climate resilience fund. The RSF will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters.
The global lender approved Pakistan’s second review under its $7 billion EFF program and first review under the RSF loan on Tuesday. As per the State Bank of Pakistan (SBP), the central bank received a combined sum of $1.2 billion under the EFF and RSF on Dec. 10.
“The amount would be reflected in SBP’s foreign exchange reserves for the week ending on Dec. 12, 2025,” the SBP said in a statement.
IMF bailouts have been crucial for cash-strapped Pakistan, which has been struggling with a prolonged economic crisis that has exhausted its financial reserves and weakened its currency. Pakistan came to the brink of a sovereign default in 2023 before a last-gasp IMF bailout package helped it avert the crisis.
Pakistan has had to take tough decisions to comply with the IMF’s loan requirements, which include scrapping subsidies from food and fuel items to trigger inflation. Since then, Pakistan has attempted to regain stability by sharply reducing inflation and recording a current account surplus.
The disbursement, however, comes at an important time for the South Asian country as it mitigates losses from a deadly monsoon season that killed over 1,000 people since late June and caused at least $2.9 billion in damages to agriculture and infrastructure.
