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Iran will cut back on uranium enrichment rather than export its stockpile: Dar
Deputy Prime Minister and Foreign Minister Ishaq Dar said conversations between the United States and Iran over uranium stocks might have resumed several days earlier, but regional tensions hindered the diplomatic process.
In an interview with Arab media, Ishaq Dar said Israeli attacks on Lebanon seriously damaged the discussion process, leading efforts to bring American and Iranian representatives to the negotiating table to nearly stall.
He said technical-level talks restarted following increased diplomatic efforts and are currently focused on implementing the recent memorandum of understanding. According to Dar, this represents the second phase of diplomatic contact between the United States and Iran.
Iran’s President to reach Pakistan today for high-level discussions
The deputy prime minister stated Iran would cut the level of uranium enrichment instead of sending uranium abroad. He noted that working groups are actively engaged on critical topics including the nuclear program, sanctions, and frozen assets, while problems connected to Lebanon are also part of the discussion agenda.
Ishaq Dar further claimed that Pakistan is playing the role of a facilitator throughout the process. He stated a 30-day timeline has been set to resolve some items, while a broader agreement is expected within a 60-day timeframe.
He stated that ships transiting through the Strait of Hormuz would be permitted tariff-free transit for 60 days, with vessels only needed to pay ordinary navigation or service fees.
Dar also added that Donald Trump has personally supervised the US-Iran conversations, while Saudi Arabia, Qatar, Egypt and the United Arab Emirates are helping the mediation process. He stated the next phase of negotiations could be difficult, but a final agreement remains feasible, adding that there is no negative point
The Pakistan Stock Exchange (PSX) started on a bullish note on Tuesday as the benchmark index regained the 179,000-point level in early trade.
Market statistics showed the KSE-100 Index jumped over 900 points in early trade to 179,405 points.
Market observers said the move was buoyed by restored investor confidence after last session’s turmoil.
The index had closed lower on the last trading day, down 450 points to 178,471 points.
The Pakistan Stock Exchange witnessed a comeback in market confidence as trading started for the second business day of the week with early gains.
KARACHI: The former director of the Karachi BRT Yellow Line project, Zameer Abbasi, was detained on Monday over financial violations.
Details said that Anti-Corruption Establishment Karachi has detained Zameer Abbasi from Lahore in an intelligence-based operation.
Anti-corruption officials said a complaint was lodged against him on June 10. They added that efforts were being made to shift him from Lahore to Karachi.
It is worth mentioning here that allegations have been made against the project director of illegally releasing over Rs 7 billion to contractors and this led to the inquiry and his detention.
— Security forces stopped a major terrorist conspiracy in Balochistan’s Panjgur district in a timely and information based response, security sources said.
The operation was undertaken in the Jirak area on the basis of secret information and a considerable quantity of weapons and communication equipment was recovered, security sources said. During the operation, the police seized 4 rocket fuses and many improvised explosive devices (IEDs) from a vehicle.
Security officials stated the explosive supplies were intended to be used in a possible large-scale terrorist attack, which was being prepared in the region.
They noted that the prompt and professional action by the security forces had prevented serious destruction and protected the area from a possible catastrophe.
This successful operation is a clear sign that the security forces are still a formidable barrier against the anti-peace groups in Balochistan, claimed the security forces.
PSX starts on a positive note, KSE-100 index reclaims 179,000 mark
Former Karachi BRT Yellow Line project director Zameer Abbasi detained.
Security agents avert big terror plot in Panjgur
ICC board meeting in India: Mohsin Naqvi gets invitation
The IMF mission has arrived in Pakistan for discussions regarding the budget.
Oil hits 2-week high following drone strike on UAE nuclear power facility
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