Analysts praise Islamabad’s balancing act

Hosting talks at such level has already given Islamabad a great reputational lift ISLAMABAD: All eyes are on Islamabad as Pakistan prepares to host the second round of talks between Iran and the United States. The fragile ceasefire between the two sides is due to expire, leaving almost no room for failure. Both sides had…

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Pakistan condemns Al Aqsa storming

ISLAMABAD: Pakistan on Tuesday strongly condemned the storming of the Al-Aqsa Mosque compound and the raising of Israel’s flag within its courtyard by illegal Israeli settlers, calling it a blatant violation of international law. Israeli occupiers had stormed the Al-Aqsa Mosque compound in occupied East Jerusalem on Tuesday, raising the Israeli flag during the incursion…

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Trump heeds CDF Munir, PM’s truce call

• US president extends ceasefire with Iran until negotiations conclude • Tehran terms move ‘a ploy to buy time’ fo ISLAMABAD: US President Donald Trump on late Tuesday night announced an extension of the ongoing ceasefire with Iran, saying the decision was taken following a request from Pakistan’s top leadership and to allow Tehran time…

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State Bank receives $1b Saudi tranche

State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) said on Tuesday that the country has received $1 billion from the Ministry of Finance of Saudi Arabia, marking the second tranche of a $3 billion deposit agreement with the Kingdom, in a post on X. In the statement, the central bank…

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Democrat accused of corruption resigns from House

. WASHINGTON: Democratic US Representative Sheila Cherfilus-McCormick resigned on Tuesday, minutes before a congressional committee was set to hold a hearing on her punishment for ethics violations. Her departure immediately expands Republicans’ narrow majority to 217-213 with an independent who caucuses with Republicans and four vacancies. In a social media post announcing her resignation, Cherfilus-McCormick…

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Peru election chief resigns as vote count drags on

. LIMA: The head of Peru’s electoral authority, Piero Corvetto, resigned on Tuesday as pressure grows over the long-delayed results from the country’s April 12 general election. Corvetto, who shared his resignation letter on X, had previously acknowledged logistical delays to the electoral process, but denied that any irregularities took place. In his letter, Corvetto…

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IMF to vet auto policy before cabinet

Global lender pushes for tariff cut to 6% by 2030, end of protection for assemblers ISLAMABAD: The International Monetary Fund (IMF) will vet the new auto policy before it is approved by Pakistan’s federal cabinet, as the global lender pushes to open the sector for foreign players by lowering net weighted average tariffs to single…

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