Pakistani firm among 12 added to US restriction list
Dawn Dated May 14,2019 Anwar Iqbal WASHINGTON: One Pakistani company is among 12 foreign firms that were added on Monday to a US list of entities subject to specific licence requirements for alleged trading in controlled items. Such restrictions aim at “ensuring that sensitive technologies do not fall into the hands of those who would threaten US national security or American citizens,” the US Department of Commerce announced on Monday. The Pakistani company’s name and its location were not disclosed. “In total, the additions include four entities with locations in both China and Hong Kong, and a further two Chinese, one Pakistani, and five Emirati persons,” the announcement added. The department’s Bureau of Industry and Security (BIS) said the list contains the names of foreign parties that are subject to specific licence requirements for the export, re-export, and/or in-country transfer of controlled items. The Pakistani company is included on the update for allegedl...