RayKalm
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Reporting from Washington and Islamabad, Pakistan—
China'slargest bank has backed out of a deal to finance a proposed Iran-to-Pakistan gas pipeline that is opposed by the United States, a potential sign of the lengthening reach of U.S. economic sanctions on Iran.
Pakistani officials confirmed Wednesday that Industrial and Commercial Bank of China had withdrawn from plans to head a consortium that would finance the $1.6-billion Pakistani portion of the cross-border pipeline, apparently over concern that the bank could be excluded from the U.S. economy.
http://www.latimes.com/news/nationworld/world/la-fg-pakistan-china-pipeline-20120315,0,2392636.story