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US adds seven Pakistani companies to sanctions list

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US adds seven Pakistani companies to sanctions list

They need special licence for doing business in US

Continuing its pressure on Pakistan, the US administration has added seven Pakistani companies to a list of foreign entities that presumably pose a significant risk to its national security and policy interests by allegedly engaging in nuclear trade. From now these companies will need special licences to carry out their business in US.

According to Dawn correspondent in Washington Asif Iqbal, the move could undermine Pakistan’s ambition of joining the Nuclear Suppliers Group (NSG), an elite group of countries qualified for trading fissile materials and nuclear technologies.

Read More: US, Pakistan not to cut ties, work together in Afghanistan

The move forms a series of decisions aimed at putting a squeeze on Pakistan. The list, prepared by the US Bureau of Industry and Security, declares that all seven companies are “reasonably believed to be invol­ved, or to pose a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States”.

In all, a total of 23 entities added to the list that includes 15 companies from South Sudan and one Pakistani company based in Singapore.

Among the seven Pakistani companies three are listed for “their involvement in the proliferation of unsafeguarded nuclear acti­vi­ties that are contrary to the national security and/or foreign policy interests of the United States”. Other two entities are accused of procuring supplies for nuclear-related companies already on the list and the remaining two are accused of acting as fronts for listed entities.

Read More: India, US pressure works, Pakistan amends anti-terror law

The End-user Review Committee (ERC) of the US Department of Commerce determined that Mushko Logistics Pvt. Ltd., Singapore, and Mushko Electronics Pvt. Ltd., Solutions Engineering, Akhtar & Munir, Proficient Engineers and Pervaiz Commercial Trading Co. (PCTC) Pakistan be added to the list due to  “involvement in activities contrary to US national security and foreign policy interests”.

The ERC also determined that Marine Systems Pvt. Ltd. be added to the list for assisting Pakistani entities in circumventing US restrictions. The ERC also determined that Engineering and Commercial Services (ECS) be added to the list based on its involvement in supplying a Pakistani nuclear-related entity.

Read More: US designates three Pakistanis as global terrorists

Relations between US and Pakistan have been strained since President Trump announced his new Asia policy, especially asking Islamabad to do more to destroy terror havens on its soil and giving more important role to India in Afghanistan.

Pakistan applied for the NSG membership on May 19, 2016, after it appeared that the US and certain other Western nations are actively supporting India’s bid to join the group. Islamabad argues that NSG should adopt a non-discriminatory, criteria-based approach for inducting new members.

China and Turkey also support Pakistan’s application, but they also cite procedural issues in adding new members, which has delayed India’s inclusion. NSG requires a consensus among the member states for adding new countries to the club.

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Pakistan hit by 5.5-magnitude earthquake, no casualties or damage reported

A 5.5-magnitude earthquake jolted Pakistan on Friday, with authorities reporting no immediate casualties or significant damage.

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earthquake-tremors

A magnitude 5.5 earthquake struck Pakistan on Friday, sending tremors across several parts of the country. However, authorities said there were no immediate reports of casualties or significant property damage.

According to seismic monitoring agencies, the earthquake was recorded at a considerable depth, which may have reduced the impact on the surface. Residents in several cities reported feeling the tremors, prompting many to move outdoors as a precaution.

Emergency and disaster management authorities began assessing the situation soon after the quake. Initial assessments indicated that no major damage to infrastructure or loss of life had been reported. Officials continue to monitor the situation for possible aftershocks.

Pakistan lies in a seismically active region due to the interaction of the Indian and Eurasian tectonic plates, making earthquakes a frequent occurrence in several parts of the country.

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Twin earthquakes strike Venezuela within 39 seconds, triggering panic in Caracas

Venezuela witnessed two powerful earthquakes within 39 seconds, triggering panic in Caracas, damaging infrastructure and leading authorities to declare a state of emergency.

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Two powerful earthquakes struck Venezuela within just 39 seconds, causing widespread panic, damaging buildings and disrupting key infrastructure in and around the capital, Caracas.

According to the United States Geological Survey (USGS), the first earthquake measured magnitude 7.2 and struck on Wednesday evening near the coastal town of Moron. Just 39 seconds later, a stronger 7.5-magnitude tremor hit roughly 45 kilometres away, creating what seismologists described as a “doublet” earthquake sequence.

The back-to-back quakes sent residents rushing into the streets as buildings shook violently across Caracas. Several structures suffered severe damage, with reports of building collapses in parts of the capital. Rescue workers were deployed to search through rubble while emergency teams assessed the extent of the destruction.

Visuals shared on social media showed scenes of chaos at Simon Bolivar International Airport, where parts of the terminal roof reportedly collapsed, filling sections of the facility with dust and smoke. Passengers were seen evacuating the airport as power flickered during the tremors. Authorities later announced the closure of the airport because of significant damage.

More than 20 aftershocks were recorded following the twin earthquakes, raising concerns about additional structural damage. The USGS warned that the disaster could result in significant casualties and economic losses, while landslides were also reported in affected areas.

Venezuela’s interim president Delcy Rodriguez declared a state of emergency following the earthquakes and urged citizens to remain cautious as emergency response efforts continued. Opposition leader Maria Corina Machado also expressed solidarity with those affected by the disaster.

The earthquakes are being described as among the strongest to strike Venezuela in more than a century. Authorities continue to assess the full scale of the damage and search for possible victims trapped beneath collapsed structures.

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London court orders Nirav Modi to pay Bank of India over $11.5 million in loan guarantee case

A London court has ruled that fugitive businessman Nirav Modi must pay Bank of India more than $11.5 million, including interest, in a loan guarantee dispute.

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Fugitive diamond merchant Nirav Modi has been ordered by a London court to pay Bank of India more than $11.5 million, including accrued interest, in connection with a personal guarantee linked to a loan extended to one of his Dubai-based firms.

In a significant ruling delivered by the London Circuit Commercial Court, Justice Simon Tinkler held that Modi remained liable under the personal guarantee issued for a loan granted to Firestar Diamond FZE, a Dubai-incorporated company associated with him. The court rejected Modi’s challenge to the enforceability of the guarantee.

The court examined whether Modi had been properly served with a demand notice, whether the demand related to a liability owed to the bank, and whether the personal guarantee was legally enforceable. Justice Tinkler ruled in favour of Bank of India on all three issues.

According to the judgment, Modi is liable for the principal outstanding amount of $4.1 million. After adding accumulated interest, the total payable amount has risen to an estimated $11.5 million as of March 2026, with additional interest continuing to accrue.

The public sector lender has been pursuing recovery proceedings against Modi since 2018, following the emergence of allegations involving companies linked to the businessman. Modi, who has largely represented himself in the proceedings, is currently lodged in a UK prison while contesting his extradition to India in a separate Punjab National Bank fraud and money laundering case.

Law firm Fladgate LLP, representing Bank of India, clarified after the verdict that the proceedings were strictly related to a commercial banking recovery claim and did not deal with the wider allegations connected to the Punjab National Bank fraud case.

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