New Delhi, October 1, 2026 (Yes Punjab News)
The United States has imposed sanctions on 10 individuals and entities across several countries over their alleged involvement in procuring weapons and military components for Iran’s Ministry of Defence and Armed Forces Logistics (MODAFL), according to a report by The Media Line.
Among those targeted is a Pakistani businessman who chairs the Pakistan-based Cavalier Group, a private defence company with operations in Pakistan and other countries. Three companies linked to the businessman were also included in the sanctions action.
US authorities allege that the businessman and his companies acted as intermediaries for Iran’s defence ministry, facilitating the procurement and distribution of weapons. According to the report, he is the majority shareholder and chief executive of Cavalier Dynamics Private Limited in Pakistan and is also linked to affiliated companies in Saudi Arabia and Türkiye.
The sanctions against Saudi Arabia-based Cavalier Dynamics for Technologies were imposed in coordination with Saudi authorities, the report said.
Washington alleges that the businessman provided, or attempted to provide, financial, material and technological support to MODAFL, which oversees weapons research, production and acquisition for Iran’s armed forces.
US Treasury Secretary Scott Bessent said Washington would continue targeting individuals and entities supporting Iran under Operation Economic Outcast, launched in August to disrupt the Iranian regime’s economic networks.
The Treasury said the initiative aims to cut off revenue streams used by Iran to evade sanctions, fund militant activities and sustain its defence programmes. Entities involved in sanctions evasion or money laundering on Iran’s behalf risk exclusion from the US financial system and could face secondary sanctions.
Cavalier Group describes itself as a leading private-sector defence company in Pakistan. The company has not publicly responded to the US allegations, the report said.
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