The agreement raises questions about the Israeli premier's ability to influence US policy, determination to confront Iran, and reputation as Israel's security guarantor.
US officials say banking, transportation and insurance services to facilitate the sales will also resume; Switzerland to hold signing of peace accord in mountainside resort of Burgenstock.
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.
