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Trump says Iran deal ‘largely negotiated’ as fight over strait reopening
US President Donald Trump stated on Saturday a “largely negotiated” memorandum of understanding on an Iran peace deal will reopen the Strait of Hormuz, but Iranian Fars news agency contradicted that report.
Trump said on social media that the emerging deal would restore the strait, the critical shipping corridor whose closure roiled global energy markets after the conflict began in February with US and Israeli assaults on Iran. He did not disclose what would be in an agreement. ““Final aspects and details of the Deal are being discussed right now, and will be announced shortly,” Trump posted on Truth Social.
But Fars, early Sunday, reported that the deal would give Iran control of the channel of Hormuz, and Trump’s statement about the channel was “inconsistent with reality.”
Iran’s top officials met with Pakistan’s army chief Asim Munir and said they were moving toward a memorandum of understanding on ending the war.
The Pakistani army said the talks had made “encouraging” progress. “The deal being negotiated is fairly comprehensive to terminate the war,” two Pakistani sources involved in the talks said.
Sharif, the prime minister of Pakistan, complimented Trump on X for his “extraordinary efforts to pursue peace.”
The suggested framework would take place in three stages: legally ending the war, addressing the issue in the Strait of Hormuz and initiating a 30-day window for negotiations on a broader accord, which can be extended, sources told Reuters.
One of the Pakistani sources said if the US agrees to the memorandum, more negotiations might take place after the Eid holiday finishes on Friday.
TRUMP TALKS TO MIDDLE EAST LEADERS
The US president, whose favour ratings have been hurt by the impact of the war on oil prices for US consumers, announced on Friday he would not attend his son’s wedding this weekend, citing Iran among the reasons he wanted to stay in Washington.
Trump said on Truth Social he had a phone chat Saturday with the leaders of Saudi Arabia, Qatar, the United Arab Emirates, Jordan, Egypt, Turkey and Pakistan. The leaders reportedly urged Trump to sign onto the evolving framework, Axios said.
Trump said that a second call with Israeli Prime Minister Benjamin Netanyahu went “very well.
Pakistan has sought to reduce gaps between Iran and the US after weeks of war have closed the critical Hormuz strait to most shipping despite a tentative ceasefire.
Trump has frequently asserted the US hit Iran to prevent it from acquiring nuclear weapons. Iran denies developing nuclear weapons and maintains it has a right to enrich uranium for civilian purposes.The trend this week has been toward a reduction in disagreements, but there are still concerns that need to be resolved through mediators. “We will have to wait and see how the situation ends in the next three or four days,” said Esmail Baghaei, spokesman for the Iranian Foreign Ministry.
Iran has asked for control over the strait and for the US to stop the blockade on its ports and abolish the restrictions on Iranian oil shipments.
Baghaei said the issue of the US blockade on Iran’s shipping was essential but that its priority was stopping the danger of further US assaults and the current struggle in Lebanon, where Iran-allied Hezbollah fighters are fighting Israeli troops who have moved into the south.
Pakistan’s army chief Munir departed Tehran Saturday after discussions with Iran’s chief negotiator Mohammad Baqer Qalibaf and foreign minister Abbas Araqchi.
Qalibaf claimed Iran’s military forces have rebuilt their capabilities during the ceasefire and if the US “foolishly restarts the war,” the results would be “more forceful and bitter” than at the outset of the conflict.
Iran has maintained its stockpile of near-weapons-grade enriched uranium, and its missile, drone and proxy capabilities, despite weeks of conflict.
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Missing Japanese trekker found dead in GB mountainous region
A Japanese trekker who went missing in Pakistan’s northern Gilgit-Baltistan (GB) area was found dead following a week-long search involving volunteers from a local mountaineering club, a rescue official said on Saturday.
The Japanese visitor, named as 64-year-old Yosuke Akiba, had visited the Masroor Rock vantage point GB’s Skardu area. The spot, approximately 3,700 meters above sea level, is a famous trekking destination that offers spectacular, panoramic views of the city, the Indus River and neighbouring mountains.
Rescue 1122 service spokesman Ghulam Rasool informed the media that Akiba’s body was recovered from a deep crevice in the Hussainabad region near the rockside, where he had gone without a local tourist guide.
“Rescue 1122 Skardu recovered the body of the missing Japanese tourist from a deep crevasse after a continuous seven-day search operation,” stated the official.
“Rescue teams continued the operation with professional expertise and untiring efforts through the extremely difficult mountainous terrain.”
The body was being hauled down to Skardu with the use of ropes and sophisticated equipment, the official said.
Sadpara Mountaineering Club volunteers also took part in the search mission.
Four senior members of the club took part in the operation, club chairman Ghulam Muhammad Sadpara told Arab News.
“Our climbers assisted with the rescue early Saturday morning and the team was able to locate the body,”
A Malaysian visitor died last month in Skardu after purportedly suffering a stroke, according to authorities. Chong Yong Huva, 60, was found dead on April 16 in her hotel room.
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Mohni Bazaar feeder exempted from load shedding: HESCO
The spokesman of HESCO, Sadiq Kubar told here on Saturday that it was the 55th feeder under the jurisdiction of the business which will be exempted from the line-losses-based load shedding.
The feeder mostly served the city’s markets with 2,502 commercial and 1,116 household consumers, he said.
There are 102 pole mounted transformers, high transmission lines are spread over 7.8 kms and low transmission cables are spread over 6 kms, he said.
Separately, Hyderabad SITE Association of Trade and Industry (HSATI) appreciated HESCO’s Chief Executive Officer Faizullah Dahiri for declaring 11 KV Khattar Bifurcation Feeder in operating division Latifabad, Hyderabad free from load shedding.
The move will allow the industrial consumers to boost their production, said the association’s Chairman Zubair Ghangra in a statement issued here on Saturday.
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Official data: Foreign funding to Pakistan up 83% YoY basis
The country has witnessed a large increase in foreign finance during the current fiscal year, as per official statistics that has shown a significant jump in external inflows compared to the last year.
The country got $11 billion in external loans between July and April, up by roughly 83% from $6 billion in the same time last year, according to the Ministry of Economic Affairs.
Both bilateral and multilateral inflows had aided the rise in foreign financing, as had deferred payment arrangements and rollovers of existing deposits.
The ministry said overall external financial inflows during the period included $8.31 billion of non-project financing and $2.7566 billion of project financing.
Pakistan also got $120 million in grants over the same time compared with $570 million in the same period last year.
Much of the inflows came in April 2026 alone, when the country received roughly $4.5 billion.
Saudi Arabia was among the primary contributors, providing a $1 billion oil finance facility through deferred payment agreements. The Islamic Development Bank provided loans of $480 million.
Multilateral lenders also made a major contribution, including $1.924 billion from the Asian Development Bank and $1.6639 billion from the World Bank Group.
The article also stated that $3 billion in deposits from Saudi Arabia had already been rolled over, with an additional $9 billion in safe deposit rollovers planned from Saudi Arabia and China throughout the fiscal year.
Pakistan repaid $3 billion to United Arab Emirates in April 2026. In sum, the Ministry of Economic Affairs forecasts the overall external inflows for the current financial year to be $19.39 billion.
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