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PM Shehbaz to participate in Iran-US agreement signing event in Geneva

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High level delegation will accompany Prime Minister Shehbaz Sharif to Geneva to witness the event of signing of agreement between Iran and United States, official sources said.

Sources say the ceremony of the Iran-US agreement will be conducted in Geneva and an initial memorandum of understanding will be signed on Friday. Then talks will continue for 60 days on Iran’s nuclear programme, lifting of sanctions and other main topics.

US, Iran reach preliminary deal to stop war, sign Friday

The first deal would need a pause to military operations on all fronts and the resumption of marine traffic in the Strait of Hormuz, Arab media said. But some US politicians have warned that the two sides’ different interpretations of the pact could cause disputes in the future.

Former US President Donald Trump congratulated both sides and noted that the agreement with Iran has been completed. In a statement he made, he declared that the US naval blockade on Iranian ports has been lifted and worldwide shipping operations should restart.

He also indicated that oil supply routes and the Strait of Hormuz will be reopened when a truce is signed on Friday. “We will also work to clear the Strait of Hormuz of mines” as part of the accord, he said.

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According to Ali Pervaiz Malik, the Pak-Iran gas pipeline proposal is still being considered.

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The minister stated that the Pakistani government is working to maintain the project and find ways to advance it.

He pointed out that the cost of liquefied natural gas (LNG) imported from Qatar and gas available via the Iran-Pakistan pipeline is essentially the same. He did, however, note that Pakistan currently has the infrastructure needed to import LNG from Qatar.

He stated, “Pakistan would have to invest billions of dollars in laying pipeline infrastructure in the case of Iranian gas, which would significantly increase the overall cost of the project.”

In response to a query, Mr. Malik stated that it would not be proper to make any more remarks at this time. In reference to the current project dispute, he expressed optimism that both parties would be able to come to an out-of-court settlement in light of Pakistan’s involvement in the recent US-Iran confrontation.

The minister went on, “We will try to resolve the matter through negotiations and achieve a win-win outcome for all parties concerned.”

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A significant improvement for drivers using motorways and highways

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In a significant move that affects intercity travel throughout Pakistan, the government has reinstated former speed limits for drivers on national highways and motorways.

Details indicate that the previous speed limits have been immediately re-established. Cars and light vehicles are once again allowed to go up to 120 km/h on motorways under the updated arrangement.

Officials confirmed that the speed restriction for passenger and heavy vehicles on motorways has been reinstated at 110 km/h.

Authorities added that all types of vehicles, including cars, light vehicles, passenger coaches, and heavy vehicles, are now subject to the same speed limits on national highways.

According to the Motorway Police, the reinstated speed limits have already started to be implemented.

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Mango exports from Pakistan decline as the effects of the Middle East conflict persist

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economy that relies heavily on agriculture but is in the middle of the Middle East crisis, which its government has assisted in resolving.

This week, Pakistan announced an initial agreement between the warring parties, but it is too late for Sindh’s mango season, which started in June.

Due to declining demand in important countries, such as the Gulf, and skyrocketing shipping costs, mango dealers told AFP they anticipate a minimum 30% decline in export sales this year.

In addition to the financial hardship, local households are delaying purchasing the fruit due to a jump in inflation brought on by the regional crisis, which is lowering domestic sales.

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