PM Sharif hails new Saudi defense pact and mediation between Tehran and Washington as proof of Pakistan’s regional influence

ISLAMABAD: Prime Minister Shehbaz Sharif said on Wednesday that Pakistan had emerged as a pivotal force for stability in the Middle East, crediting its diplomatic intervention for bringing Iran and the United States to the negotiating table for the first time since 1979 and securing a ceasefire after talks hosted in Islamabad.

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Pakistan launches Capital Market Development Fund to lift retail participation

ISLAMABAD: Pakistan’s leading capital-market institutions on Wednesday formally established the Capital Market Development Fund, a new industry-backed vehicle designed to lift financial literacy, broaden retail investor access and deepen domestic capital mobilization as the country seeks greater economic independence amid regional tensions.

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US nears one-page accord with Iran to halt two-month war and frame nuclear talks – report

ISLAMABAD: The White House believes it is close to securing a one-page memorandum of understanding with Iran that would formally end the two-month war in the Persian Gulf and establish a framework for more substantive negotiations over Tehran’s nuclear program, according to US news website axios quoting two officials and two other people briefed on the discussions.

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An Unwinnable War

President Donald Trump’s announcement on Tuesday evening that the United States would suspend “Project Freedom” — the naval escort operation launched only days earlier to reopen the Strait of Hormuz — came wrapped in the usual language of strength. “Great progress” had been made, he said. Toward a deal, Pakistan had asked, “tremendous military success.”  The blockade of Iranian ports would remain. And the decision directly contradicted the message his own senior officials had spent the day delivering: that the ceasefire held, that Iranian actions remained below the threshold for renewed fighting, and that the operation was both limited and necessary to free 20,000 stranded sailors and restore the flow of one-fifth of the world’s oil. This is not the decisive leadership the administration projected when it joined Israel in Operation Epic Fury in late February. A superpower that helped kill a supreme leader and promised generational destruction of Iran’s capabilities has now blinked after one day of real pushback in the Strait. It is the acknowledgment, however reluctant, that military pressure has run into the hard limits of geography, economics, and politics.  The Strait of Hormuz still carries one-fifth of the world’s oil and liquefied natural gas. Iran’s threat to mine it, patrol it with fast boats, and harass shipping has turned that waterway into the single most effective lever Tehran possesses. The United States, for all its air power and naval presence, has been unable to break that grip without risking the very global economic disruption it set out to prevent.

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Trump halts Hormuz escort operation, citing progress in Iran talks; blockade to continue

ISLAMABAD: US President Donald Trump announced on Tuesday evening that the United States would temporarily halt its newly launched naval operation to escort stranded commercial vessels through the Strait of Hormuz, saying the pause would allow time for negotiations toward a broader agreement to end the conflict with Iran.

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