The United States and Iran have formally brought into effect the Islamabad Memorandum of Understanding, a landmark agreement brokered through Pakistan's mediation that is being viewed as a major diplomatic breakthrough after months of intensive negotiations and repeated setbacks. The agreement was finalised through electronic signatures by the leaderships of the United States and Iran,…
Repatriation rises 8.66% to $2.0007b as UK, China top list; power sector leads outflows KARACHI: Foreign investors repatriated more than $2 billion in profits and dividends from Pakistan during July-April FY26, up 8.66% over the same period last year, as improving foreign exchange availability and stronger corporate earnings enabled multinational companies to transfer higher returns…
Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh, Lebanon, June 2, 2026. PHOTO: REUTERS US Vice President JD Vance pulled out of a planned trip to meet Iranian negotiators in Switzerland on Friday to begin talks on implementing the “Islamabad MoU” struck between Tehran and Washington, a White House spokesperson said, as Israeli…
PESHAWAR: Europe is reportedly considering engagement with two separate Afghan-linked committees on the return of Afghan migrants, including one that involves Ahmad Massoud, the leader of the National Resistance Front, according to sources familiar with the matter. The development is being viewed in diplomatic circles as an indication that European countries may still be keeping…
PSX witnessed a strong trend-reversal session as the KSE-100 Index surged 1,836 points (+1.01%) to close at 184,175. Photo: Express KARACHI: At the close of trading on Thursday, the benchmark KSE-100 index surged near 890 points to settle at about 181,400. The market maintained strong bullish momentum throughout the session, driven by declining global oil…
Pakistan accuses India of efforts to derail debate on transboundary water governance ISLAMABAD: India has launched a concerted campaign to undermine an international seminar in Brussels on transboundary water resources amid growing global scrutiny of New Delhi’s unilateral suspension of the Indus Waters Treaty (IWT), diplomatic sources said on Thursday. The seminar, titled “Transboundary Water…
ISLAMABAD: As unrest in Azad Jammu and Kashmir continues to test the political temperature, PPP Chairman Bilawal Bhutto-Zardari on Thursday linked internal stability with broader national cohesion. Linking the broader political environment to unrest in Azad Jammu and Kashmir, Bilawal said protesters “cannot damage Pakistan or the Kashmir cause, nor would they be allowed to”…
ISLAMABAD: The Senate on Thursday approved a series of budget 2026-27 recommendations, including a 15% increase in salaries of government employees, restoration of frozen medical allowances for employees and pensioners, higher taxes on luxury assets and large-engine vehicles, and permission for foreign visitors and residents to bring alcohol into the country for personal use. The…
. ISLAMABAD: Pakistan has achieved what officials laud as a diplomatic breakthrough few believed possible, helping steer the United States and Iran away from a deepening crisis and laying down a structured framework for reconciliation and implementation of their emerging agreement. With the accord now formally in effect and implementation underway following electronic signatures, the…
• PM, US & Iran presidents sign ‘Islamabad MoU’ • Traffic flows through Hormuz as accord takes effect A win-win deal: (From left) Prime Minister Shehbaz Sharif, US President Donald Trump and Iranian President Masoud Pezeshkian display the signed Islamabad MoU. Photos: Reuters/Screengrab ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday signed the historic ‘Islamabad Memorandum…