US Department of State Spokesperson Mathew Miller has warned of potential sanctions against countries who do business with Iran, citing the risk of sanctions.
He recently said this in response to a query regarding Pakistan’s latest trade agreements with Iran. While he didn’t specifically threaten Pakistan, Miller recalled that the United States was one of the biggest export markets for the South Asian nation’s exports and also one of its biggest investors. He hinted that these relations could be at risk due to potential sanctions, given Iran’s international standing.
“We don’t give advance notice of potential sanctions,” he further added.
Meanwhile, Pakistan and Iran on Monday decided to increase their trade volume to $10 billion. Addressing a joint press conference alongside Prime Minister Shehbaz Sharif after the two held a meeting in Islamabad yesterday, Iranian President Ebrahim Raisi said the existing trade volume between the two countries was not acceptable.
Both sides also signed eight agreements and MoUs for cooperation in diverse fields. The agreements included cooperation in security, judicial assistance in civil matters, and veterinary and animal health.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
This is unjust….it’s law of jungle
Pakistan should file a case in ICJ against USA for issueing threats to smaller and economically weak nations.
Anyone with even a grain of political sense would have known this would happen, but govt. decided to go through with this. We are already holding back our pipeline project because of threat of sanctions, now our govt. wants to do more business? They can’t close previous deals, and starting new ones. This is simply mind boggling!
Bigger issue than US are the arabs.
Also, there isn’t that much potential in trading with a dying, sanctioned economy.
I think this whole thing is just to scare the arabs into giving us a little more money. Sharif bhai visiting Saudi Arab soon to beg.