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Iran deal includes $300 billion fund, more than half of which already committed, source says

A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement, and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal to end the war, … Read more

Punjab allocates Rs91.9b for agriculture

[ LAHORE: The Punjab government has allocated Rs91.9 billion for agriculture in its budget for fiscal year 2026-27, as part of a combined Rs132.54 billion set aside for development and non-development spending on the agriculture, livestock, and fisheries sectors. Government officials describe these sectors as the backbone of the province’s economy, food security and export … Read more

Centre to fund 100MW G-B solar project: PM

Prime Minister Shehbaz Sharif. Photo: X ISLAMABAD: The federal government would bear the cost of a 100-megawatt solar power project for Gilgit-Baltistan (G-B), Prime Minister Shehbaz Sharif said on Tuesday while chairing a review meeting in Islamabad on the initiative, according to a statement issued by the Prime Minister’s Office (PMO). The prime minister directed … Read more

Beijing sees tougher US-Iran talks ahead

BEIJING: China’s top diplomat told his Pakistani counterpart on Tuesday that the next phase of negotiations between the United States and Iran—which Pakistan has helped mediate—will be “more difficult”. In a phone conversation ahead of the planned signing on Friday of a US-Iran memorandum of understanding to end their war, Chinese Foreign Minister Wang Yi … Read more

Punjab pairs austerity with growth

• Rs5.9tr surplus budget unveiled • Current spending reduced by 3.1% under fiscal consolidation push • Salaries up LAHORE: The Punjab government unveiled on Tuesday Rs5.903 trillion surplus budget for coming fiscal year, showing reduced current expenditures, despite a 7% increase in salaries and 3.5% hike in pension, while a substantial amount of Rs803.88 billion … Read more

US military to build war-ready stockpile in Australia

Stockpile development comes as US keen to leverage Australia’s location to counter China’s military build-up: analysts Pentagon aims to fund the military campaign against Iran. PHOTO: ANADOLU The US military is planning a permanent war-ready weapons stockpile for its Marine Corps on Australia’s southeast coast beyond the range of most Chinese missiles, tender documents show, … Read more

Pakistan’s nimble strategy helped shape Iran-US deal

ISLAMABAD: Pakistan’s quiet but intensive diplomatic efforts played a pivotal role in preventing a potentially devastating regional conflict among the Muslim countries, revealed security sources on Tuesday, as preparations enter the final phase for the signing of a landmark peace agreement between Iran and the United States in Switzerland later this week. At a background … Read more