UK deepens joint migration efforts and marks Pakistan’s role in brokering US-Iran peace deal on two-day Ministerial visit
ISLAMABAD : UK deepens joint migration efforts and marks Pakistan’s role in brokering US-Iran peace deal on two-day Ministerial visit Middle East Minister Hamish Falconer uses a visit to Islamabad to thank Pakistan for their leadership in brokering the US-Iran peace deal. Visit underlines longstanding UK support for stability in the Middle East and for […]
Ethiopia and Pakistan Establish Joint Rectors’ Forum to Advance Academic Cooperation
ISLAMABAD : Under the facilitation of OIC’s Standing Committee on Science and technology (OIC- COMSTECH), the Federal Democratic Republic of Ethiopia (FDRE) and the Islamic Republic of Pakistan have formed a Joint Rectors’ Forum comprising ten premier institutions, five from each nation, to boost academic, scientific, and technological collaboration.The initiative was officially announced during the […]
Iran says US accord to cover Lebanon ceasefire, wider region
TEHRAN: Iran said on Monday that a breakthrough tentative agreement with the United States includes a comprehensive ceasefire across all regional fronts, including Lebanon, ahead of a formal signing ceremony scheduled to take place in Switzerland on Friday. Foreign Ministry Spokesman Esmaeil Bagaei told a news conference on Monday that “significant progress” had been achieved […]
SBP keeps policy rate unchanged at 11.5 per cent
KARACHI: The central bank kept its benchmark interest rate unchanged at 11.50 per cent on Monday, opting for a cautious pause in the final monetary policy review of the fiscal year as it weighs easing geopolitical tensions against lingering global oil price volatility. The decision by the State Bank of Pakistan’s (SBP) Monetary Policy Committee […]
Trump may unveil US-Iran agreement before Friday
WASHINGTON: US Vice President JD Vance said on Monday that President Donald Trump could choose to make public the agreement reached between Washington and Tehran before its planned in-person signing later this week. Speaking to Fox News, Vance said Trump was considering releasing details of the accord ahead of Friday. The agreement has already been […]
US Air Force B-52 bomber crashes in flames in California, killing all 8 crew aboard
US Air Force B-52 Stratofortress bomber crashed on takeoff on Monday at Edwards Air Force Base in Southern California’s Mojave Desert, bursting into flames and killing all eight crew members aboard, Air Force officials said. The eight-engine, jet-powered aircraft, built to carry a wide array of nuclear and conventional bombs, was on a routine test […]
Most stocks rise, oil flat following peace deal-fuelled rally
New York : Equities mostly rose Tuesday and oil prices held losses following the previous day’s euphoric rally sparked by the US-Iran peace deal that will reopen the crucial Strait of Hormuz. Eyes are now on developments ahead of Friday’s signing ceremony in Switzerland, which will bring an end to more than three months of […]
US and Iran ‘electronically’ sign ceasefire agreement, details remain unclear
US President Donald Trump said on Monday a preliminary agreement to end the war in the Gulf has been signed by the US and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated. The agreement would extend a tenuous ceasefire announced in April […]
PSX extends rally as SBP policy rate hold, oil losses lift sentiment
The equity market traded higher on Tuesday as investors extended the previous session’s rally after the State Bank of Pakistan (SBP) held the policy rate unchanged, while falling global oil prices and optimism over a US-Iran interim peace deal further lifted sentiment. During the session, Pakistan Stock Exchange’s benchmark KSE-100 Index climbed to an intraday […]
Govt eyes more global bond issues, sees budget upside from Iran deal
ISLAMABAD: Pakistan could improve economic projections for 2027 after the end of the US war on Iran, but it is still too early to revise the budget, Finance Minister Muhammad Aurangzeb told Reuters, hours after the US and Iran signed a deal to end the fighting. Damaged energy infrastructure meant supply chains would take time to […]