Carthaginian pun, I see (5)

I believe the answer is:

punic

'carthaginian' is the definition.
(synonyms)

'pun i see' is the wordplay.
'see' becomes 'C' (the word for the letter, according to Chambers).
'pun'+'i'+'c'='PUNIC'

(Other definitions for punic that I've seen before include "Relating to Carthage" , "Carthaginian" , "ancient language" .)

I've seen this clue in the Evening Standard.

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