Three-month waiver on bank guarantees, credit letters covers rice, seafood, pharmaceuticals among other commodities Increased sourcing from the US reduces reliance on the Strait of Hormuz — a narrow maritime corridor through which a substantial proportion of global oil trade passes and which remains vulnerable to geopolitical tensions. Photo: Reuters ISLAMABAD: The Ministry of Commerce…
Over the past 24 hours, US and Israeli operations have focused on degrading Iran’s war-sustaining capacity through coordinated strikes on its three largest steel production facilities. On the 29th day of the US-Israel war on Iran, the conflict transitioned into a more visibly regional phase as strikes on Iran’s industrial and nuclear infrastructure were met…
Iran has permitted two Pakistani cargo ships to transit through the Strait of Hormuz, sources in the Ministry of Maritime Affairs confirmed on Saturday. The vessels, Multan and P-Akili, which were previously held after Iranian forces took control of the strait — a key global oil supply route — have now crossed and are en route to…
The foreign ministers of Saudi Arabia, Turkey and Egypt are set to visit Islamabad from March 29 to 30 at the invitation of Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Ishaq Dar, in an effort to ease regional tensions amid the ongoing US-Israeli conflict with Iran. The Ministry of Foreign Affairs announced on X…
Iran would by no means be allowed to construct naval warships, says Trump Washington: Donald Trump has claimed that the US has taken historic steps to guard its allies and is near eliminating threats within the Center East. Addressing a ceremony, the US president mentioned Washington has ended what he referred to as Iran’s “nuclear…
