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Iran deal has $300 billion fund, more than half already committed, source says

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The U.S.-Iran framework agreement lays out a $300 billion private fund to encourage investment in Iran, and more than half that amount has already been pledged, a source with direct knowledge of the deal told Reuters.

The fund is designed to provide economic incentive for both parties to reach a final deal, said the source, who spoke on condition of anonymity because the idea has not yet been announced as Washington and Tehran prepare to sign on Friday.

U.S. and Iranian officials claimed on Sunday they had agreed on a framework to end their war, which began when U.S. and Israeli forces invaded Iran on 28 February, stop the U.S. blockade of Iran and reopen the Strait of Hormuz, a critical supply route for world oil and gas.

The new fund is a private investment vehicle, not a rehabilitation or reparations program and will not involve any ⁠government money or subsidies, the source added. Companies based in the U.S., the Gulf Arab states, Asia, South America and Africa have agreed to contribute funds, the source said.
The pledged investments are in energy, logistics, manufacturing and transport, the person said.

Tehran had initially asked the U.S. for $400 billion in war damages compensation, but Washington had refused to pay, a senior Iranian source told Reuters.

And then came the concept for the fund, to be called the Reconstruction and Development Fund.

The Iranian source said the structure offers for the contribution of regional countries in numerous ways. These include the provision of loans, the establishment of credit lines, and direct finance for the rehabilitation of war-damaged locations, including facilities such as the Mobarakeh Steel complex, refineries, airports, and infrastructure more broadly impacted by the conflict.

Successive waves of U.S. and international sanctions have locked Iran, one of the largest economies in the Middle East, out of global finance markets, leaving it with virtually no meaningful foreign direct investment during the previous four decades.

It possesses the second-largest proven natural gas reserves in the world and fourth-largest proven oil reserves.

It also possesses a young and educated population of over 92 million people, a varied industrial base and untapped potential in a wide range of sectors from petrochemicals and mining to tourism and agriculture.

The investment fund is independent from a simultaneous track of negotiations on eliminating U.S. sanctions and releasing Iranian sovereign assets frozen abroad,” the source said, saying the two were distinct financial mechanisms with distinct objectives and timelines.

The fund will not be established or operating unless there is an agreed final and suitable contract. The signed memorandum of understanding is designed to structure the process over the next 60 days.It will be created only once the final transaction is signed,” the source added. During these 60 days, the fund managers will work with Iranians and investors to design and scope initiatives.

Iran’s foreign ministry and Pakistan’s foreign ministry, which helped arbitrate the investment fund arrangement, did not immediately respond to demands for comment .

White House spokesperson Karine Jean-Pierre cited a Monday CBS interview with Vice President JD Vance, who said Iran could tap a $300 billion reconstruction fund backed by Gulf states if it abides by an agreement with Washington, including dismantling its nuclear programme, eliminating its stockpile of enriched material and accepting a strict inspection and enforcement regime.

The insider would not explain how the fund will be administered, or by whom, saying that critical aspects were needed to be worked out.

The source said corporations from South Korea, Japan, Singapore, Malaysia and the United States were among those who have made promises but declined to provide a full list.

The 60-day pact is a framework, not a final agreement, and U.S. and Iran negotiators are anticipated to work across numerous tracks during that time dealing with nuclear, sanctions and regional security problems.

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According to an audit study, SIM cards were illegally sold in Balochistan under the identities of Punjabi people.

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– An audit report has revealed irregularities in the sale and registration of mobile SIM cards in Balochistan, with several SIMs allegedly activated using the identities of citizens from Punjab.

According to the report, seven franchises operating in Balochistan activated around 2,000 SIM cards registered under the names of Punjab residents through illegal means. The findings have raised concerns over the effectiveness of measures taken against those involved in such activities.

The audit noted that despite evidence of fraud, the concerned franchises were only issued show-cause notices. No criminal cases were registered against them, and no financial penalties were imposed.

The report further stated that two telecommunications companies were fined more than Rs1.88 billion and also received show-cause notices; however, the implementation of these decisions remained incomplete.

Audit officials described the lack of strong action against organised fake SIM-related fraud as a serious concern, warning that such practices could raise issues related to national security and the regulatory framework.

The authorities have been advised to ensure immediate recovery of outstanding dues and take effective legal action against those responsible to prevent similar incidents in the future.

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The PM and President denounce the terrorist attack on Balochistani laborers.

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Both Prime Minister Shehbaz Sharif and President Asif Ali Zardari have vehemently denounced the terrorist attack on defenseless laborers in Balochistan’s Washuk area.

In their individual messages, they conveyed their sincere condolences and sympathies to the families of the martyrs as well as their profound grief and sorrow at the loss of priceless lives.

Such despicable actions, according to the President and Prime Minister, cannot weaken the country’s determination.

They stated that the security forces are committed to protecting every citizen’s life and property and totally eliminating terrorism from the nation.

The President and Prime Minister declared that Fitna-ul-Hindustan terrorists and those who support them are unworthy of any leniency and will face justice.

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For the first time, China successfully lands a “SpaceX-style” reusable rocket.

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– China has successfully landed a reusable rocket for the first time, marking a “historic breakthrough” for the country’s space technology.

The Long March 10B rocket was launched from the Hainan commercial spacecraft launch site in south China’s Hainan Province.


After separation of its two stages, the first stage returned and was successfully caught upright on sea-borne net-capture platform.

The rocket also flew a satellite into “its predetermined orbit” on Friday, state news agency Xinhua reported.

“Approximately six minutes after the first and second stages separated, the first stage returned vertically and was successfully recovered at a sea-based recovery platform using a net system,” China Aerospace Science and Technology Corporation (CASC) said in a statement.

“It signifies a historic breakthrough for my country in the field of reusable rocket technology and will lay a solid foundation for accelerating the improvement of my country’s space access capabilities,” CASC said.

China’s Long March 10B rocket has been compared to the SpaceX Falcon 9.

Developed by the country’s main state rocket developer, the China Academy of Launch Vehicle Technology (CALT), it is capable of carrying a payload of at least 16 metric tons to low-Earth orbit.

But unlike the Elon Musk-owned company’s pioneering rocket, the Long March 10B does not autonomously use deployable legs to land on a ship or a ground-based pad.

Instead, it uses “landing hooks” to latch onto the net attached to a sea-borne platform, Xinhua reported.

“Net-based recovery helps simplify the rocket’s onboard structure, reduces vehicle mass and increases payload capacity. It is also highly adaptable to landing-point deviations, as coordinated net ⁠systems can effectively expand the capture window,” CALT expert Chen Muye told Chinese state media.

So far, SpaceX has demonstrated rocket recovery in 2015, followed by the Jeff Bezos-owned Blue Origin in November last year.

SpaceX has launched its Falcon 9 nearly 150 times a year, and even reused its recovered rocket dozens of times.

Meanwhile, China has spent nearly a decade developing reusable rockets, first testing low-altitude space vehicles and later experimenting with long-range orbital-class booster recovery.

The Long March-10B rocket is a reusable liquid-fueled vehicle built for commercial launches and stands approximately 63m (206ft) tall with a diameter of 5m (16ft).

Its first stage burns kerosene and liquid oxygen (LOX), while the second stage uses LOX and liquid methane, according to CALT. 

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