The Pak Banker

Washington warns Islamabad against 'potential risk of sanctions' amid Iran deals

- WASHINGTON

As Iranian President Seyyed Ebrahim Raisi continues his crucial three-day visit to Pakistan, Islamabad has received an understate­d warning from Washington over its growing closeness with Tehran, hinting a "potential risk of sanctions".

In light of the two nations signing various bilateral agreements, the US State Department spokespers­on on Tuesday said: "We advise anyone considerin­g business deals with Iran to be aware of the potential risk of sanctions."

The spokespers­on, without mentioning Pakistan in the aforementi­oned statement warned against business deals with Tehran and later reminded Islamabad about its own trade and economic ties with Washington.

The US is Pakistan’s biggest export market and one of its largest investors, they said.

"We have also been a leading investor in Pakistan for the past 20 years. Pakistan’s economic success is in both of our interest, and we look forward to continuing our partnershi­p," the spokespers­on added, stressing the significan­ce of economic relations between both countries.

However, considerin­g Islamabad's closeness with Tehran amid President Raisi's three-day visit and the bilateral agreements signed between the two nations, the spokespers­on hinted towards these relations being at risk with chances of potential sanctions owing to Iran's position in the world.

"We do not preview potential sanctions actions," the spokespers­on said and referred journalist­s to the Government of Pakistan for any further comment on the matter.

The State Department's statement comes at a crucial standpoint in Pakistan's history as it works to advance its "brotherly ties" with Iran by welcoming their president, months after their cross-border skirmishes in January.

The statement also holds significan­ce following Iran's standing at the global level, owing to its regional activities and recent clashes with Israel after it attacked its embassy in Damascus, killing two senior members of the Islamic Revolution­ary Guard Corps.

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