Pakistan

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Iranian Foreign Minister Abbas Araqchi said on Friday that the Strait of Hormuz, vital for the global trade in oil and other commodities, was open following a ceasefire accord agreed in Lebanon. Araqchi said in a post on X that the Strait was open for all commercial vessels for the “remaining period of ceasefire”. It was not immediately clear whether he was speaking of the 10-day truce agreed by Lebanon and Israel that went into effect at midnight or an earlier two-week truce between Iran and the United States that began on April 8. He said the passage of ships would need to be along the route that Iran’s Ports and Maritime Organisation had announced. US President Donald Trump welcomed Iran’s announcement. “THANK YOU!” he wrote on his Truth Social platform, before going on a posting spree. In a separate post, he said that the US military blockade of ships sailing through the Strait to Iranian ports — announced after talks with Iran last weekend in Islamabad ended without a breakthrough — remained in place. “T...

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CG Yundong says Pak-China strategic deals have entered final stage

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ISLAMABAD: A day after receiving $2 billion in assistance from Saudi Arabia, the government on Friday announced it had raised $500 million from the international capital market through a Eurobond after four years. In a post on the social media platform X, Adviser to the Finance Minister Khurram Schehzad said, “Pakistan has successfully returned to the international capital markets after a four-year hiatus, with the issuance of a $500m Eurobond today, at attractive terms under its Global Medium-Term Note (GMTN) Programme.” “The three-year Eurobond witnessed strong investor demand despite ongoing global market and geopolitical uncertainties — signalling renewed confidence in Pakistan’s economic outlook,” he said. Informed sources said the bond attracted 6.95 per cent interest rates with maturity in April 2029. The announcement came a day after Saudi Arabia announced it was extending its support of $5bn to $8bn, with the first additional disbursement of $2bn. In his X post, Schehzad said that this “well-timed is...

MC–FWMC row leaves majority of facilities unusable, forcing open defecation

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Ancient maps are often labelled with a warning: “Hic Sunt Dracones” (here be dragons), marking the point where civilisation ended, and the unknown began. Today, we have updated the legend for a colder, more administrative age: “Here be collateral damage.” The modern cartography of power trades the dragon for the statistic. And human loss is codified as a necessary friction of a global machine. This logic does not remain confined to maps or language — it settles into terrain. The geographic transition from the Anatolian heights in Turkiye to the scorched arteries of the Levant and the sub-Saharan corridors marks the threshold of a profound moral silence. In this landscape, faces dissolve into grainy wide-shots of a crowd, dubbed over with the dry, percussive phrase of “regional volatility”, where deaths are merely the ticking of a metronome: expected, rhythmic, and, eventually, ignored. The value of human life is determined by its proximity to the centres of Western hegemony. Peering at the Levant or the Horn ...

A Pakistani-flagged oil tanker, MT Shalamar, has successfully completed a rare transit through the Strait of Hormuz with a crude oil cargo amid ongoing maritime tensions and restrictions in the region, according to international shipping data.