Pakistan says its quiet diplomacy in US-Iran conflict has elevated its global standing

ISLAMABAD: Pakistan’s foreign minister said on Thursday that Islamabad’s role in brokering a ceasefire between the United States and Iran had fundamentally transformed its international standing, describing the country as a newly recognised “middle power and net security provider” with ambitions to become an economic force.

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PTI rejects PM Sharif’s election legitimacy defence, calls for judicial scrutiny of 2024 vote

ISLAMABAD: Pakistan’s main opposition party on Wednesday sharply rejected Prime Minister Shehbaz Sharif’s defence of his government’s electoral legitimacy, accusing him of implicitly conceding that the February 2024 general elections were fraudulent, and called for a judicially supervised audit of the vote.

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Barclays upgrades Pakistan dollar bonds to overweight, cites resilient external position

ISLAMABAD: Barclays has upgraded Pakistan’s dollar bonds to overweight, reversing a downgrade it issued in May, as the British bank pointed to improving oil market dynamics and what it described as an increasingly resilient external position, according to a research note cited by Bloomberg on Wednesday.

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Coalition partners demand apology, defence minister’s resignation over Kashmir identity slur

ISLAMABAD: The governing coalition showed rare public signs of strain on Wednesday as the chairman of the Pakistan Peoples Party demanded to know why a senior federal minister remained in his post after asserting that residents of the protest-hit Azad Jammu and Kashmir town of Rawalakot were not Kashmiris — remarks that also drew condemnation from a major religious party and a formal apology from a former prime minister on the minister’s behalf.

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Pakistan-Iran ties deepen after Pezeshkian visit, but sanctions keep flagship projects on hold

ISLAMABAD: Pakistan said on Wednesday that progress on a major gas pipeline and other economic ventures with Iran will move no faster than the lifting of international sanctions against Tehran, tempering expectations that a landmark visit by Iranian President Masoud Pezeshkian this week would quickly translate into concrete commercial gains.

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Pakistan, Qatar vow to sustain US-Iran peace momentum as Hormuz diplomacy fans out across Gulf

ISLAMABAD: Prime Minister Shehbaz Sharif and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani spoke by telephone on Wednesday and expressed satisfaction on the opening round of US-Iran technical negotiations, pledging to sustain diplomatic momentum as the two co-mediating nations prepared to rejoin talks in Switzerland that are expected to resume early next week.

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Pakistan to anchor fuel prices to import costs after industry backlash; foreign capital at risk

ISLAMABAD: The petroleum minister pledged on Tuesday to anchor fuel prices to actual import costs after oil company executives warned that seven formula overhauls in three months had erased a full year’s industry profits in a single pricing cycle and were pushing foreign investors toward the exit.

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