The budget was already on a tightrope; whether it walks it or falls depends less on what happens in Islamabad and more on goings-on in Washington and Tehran
PM Shehbaz says that a peace agreement has been reached after intensive talks, and that the official signing ceremony will take place on June 19 in Switzerland.
The preliminary agreement, first announced by Prime Minister Shehbaz Sharif, is being hailed as a significant diplomatic breakthrough that could restore stability in the Middle East.
PM Shehbaz says both sides have declared immediate termination of military operations on all fronts; Iran's deputy FM says talks to be held within two months to seek a “final agreement”.
“Under the Iran nuclear deal that President Obama negotiated, Iran retained a limited nuclear capacity to be used for civilian purposes with intense long-term verification,” says expert.
The proposed agreement is emerging as an armistice plus framework essentially prepared to stop escalation, reopen the Strait of Hormuz and create a structured negotiating process for unresolved disputes.
PES 2025-26 reports "historic" primary surplus and multi-year-high reserves; on flipside, poverty climbed to 28.9pc in 2024-25 and April inflation hit 10.9pc.
At UNSC, Pakistan's envoy says “events of the last few days have amply underscored the fragility of the situation, the risk of escalation and the need for diplomatic efforts to come to fruition".
Field Marshal Munir is the only international figure who has made two visits to Iran at the height of the crisis to persuade its political, military and diplomatic leadership, facilitate an enduring ceasefire and encourage progress on complex contentious issues.
