AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

imageWASHINGTON: US lawmakers voted overwhelmingly Tuesday to impose stricter economic sanctions on North Korea, seeking to punish the rebellious Asian nation for its latest test of a nuclear bomb last week.

By a nearly unanimous vote of 418 to 2, the House of Representatives passed the North Korea Sanctions Enforcement Act, which would heap additional financial pressure on the already-sanctioned hermit regime of leader Kim Jong-Un.

Pyongyang shocked the world last week and earned a global rebuke when it announced it had successfully tested a hydrogen bomb.

The legislation unanimously passed out of the House Foreign Affairs Committee last February but sat idle until leaders revived it in the wake of Pyongyang's test.

And while Western experts have yet to conclude whether North Korea indeed tested a hydrogen bomb -- which would be considered a dramatic improvement of the regime's nuclear abilities -- the House was not prepared to wait further.

"The Kim regime's continued efforts to develop a nuclear arsenal is a direct threat to the United States," said the bill's sponsor, House Foreign Affairs Committee Chairman Ed Royce.

"Now is not the time for more of the administration's 'strategic patience.' It's time for action."

The bill aims to isolate Kim Jong-Un and his top officials from the assets they maintain in foreign banks, and from the hard currency that sustains their rule.

"Under this bill's framework, anyone laundering money, counterfeiting goods, smuggling or trafficking narcotics will be subject to significant sanctions," Royce said.

The United Nations Security Council is also mulling new measures to punish North Korea after its announcement of a hydrogen bomb test triggered concerns.

The US House measure prohibits the proliferation of weapons of mass destruction, arms-related materials, luxury goods, and counterfeit goods, and it also mandates sanctions against any individual or entity that materially contributes to North Korea's nuclear and ballistic missile development or provides training on weapons programs.

Even as lawmakers advance the sanctions, former US administration officials warned that such measures would be insufficient to change North Korea's behavior, and that Pyongyang's ally China needs encouragement to alter its dealings with its renegade neighbor.

"For me, objective one in the diplomacy is how do we start creating change in Chinese policy to get them farther along," Joseph DeThomas, a former ambassador and deputy assistant secretary of state for non-proliferation, told a Washington audience last week.

The House bill now shifts to the Senate, where its fate was uncertain.

But Senate Majority Leader Mitch McConnell said he anticipates a similar Senate measure will pass out of committee, "and I intend to schedule floor time on it shortly."

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.