Reuters/AP

JERUSALEM/GAZA:&nbsp;The Hamas-run Prisoners Office said&nbsp;on Monday that&nbsp;buses carrying the freed Palestinian prisoners arrived in the West Bank city of Ramallah and in the Gaza Strip. Israel freed more than 1,900 prisoners and detainees after Hamas freed all remaining living hostages held in Gaza under the two sides&rsquo; ceasefire deal. The buses arrived in Ramallah after leaving Ofer prison, in the Israel-occupied West Bank, said the Prisoners Office. At least one bus also crossed into the Gaza Strip, it said. Earlier, Hamas handed over 20 surviving Israeli hostages to the Red Cross as part of US President Donald Trump&#39;s ceasefire deal. News agencies quoting Israel&rsquo;s public broadcaster reported Hamas had handed over all 20 surviving Israeli hostages to Red Cross representatives. Earlier, President Donald Trump arrived in Israel to celebrate the US-brokered ceasefire and hostage deal between Israel and Hamas, an agreement that he declares has effectively ended the war and opened the door to building a durable peace in the Middle East. The moment, however, remains fragile, with Israel and Hamas still in the early stages of implementing the first phase of the plan, which includes the release of Israeli hostages that have been held since the Oct. 7, 2023, attack by Hamas-led militants. With families overjoyed at the impending reunions and Palestinians eager for a surge of humanitarian assistance, Trump thinks there is a narrow window to reshape the region and reset long-fraught relations between Israel and its Arab neighbors. &ldquo;The war is over, OK?&rdquo; Trump told reporters traveling with him aboard Air Force One while on his way from Washington DC to Israel. &ldquo;I think people are tired of it,&rdquo; he said, emphasizing that he believed the ceasefire would hold because of that. While major questions remain about the future of Hamas and Gaza, the exchange of hostages and prisoners marked a key step toward ending the deadliest war ever between Israel and Hamas. As the war dragged on, demonstrators accused Prime Minister Benjamin Netanyahu of prolonging the war for political purposes, even as he accused Hamas of intransigence. Last week, under heavy international pressure and increasing isolation for Israel, the bitter enemies agreed to the ceasefire. With the hostages&rsquo; release, the sense of urgency around the war for many Israelis will be effectively over. While Israel considers the prisoners to be terrorists, Palestinians view them as freedom fighters against Israeli occupation. Israel has warned Palestinians in the West Bank against celebrating after people are released, according to a prisoner&rsquo;s family and a Palestinian official familiar with the plans. They spoke on condition of anonymity because they feared retribution. Trump in Israel, Egypt&nbsp;Trump is first visiting Israel, where a White House schedule said he would meet with families of the hostages and speak at the Knesset, Israel&rsquo;s parliament. Vice President JD Vance said Trump was likely to meet with newly freed hostages. &ldquo;The war is over,&rdquo; Trump asserted to reporters as he departed, adding he thought the ceasefire would hold. Trump will continue to Egypt, where President Abdel Fattah el-Sissi&#39;s office said he will co-chair a &ldquo;peace summit&rdquo; on Monday with regional and international leaders. Mahmoud Abbas, leader of the internationally recognized Palestinian Authority, will attend, a judge and adviser to Abbas, Mahmoud al-Habbash, told The Associated Press. Netanyahu has rejected any role in postwar Gaza for Abbas, though the US plan leaves the possibility open if the Palestinian Authority undergoes reforms. Hamas seized control of Gaza in 2007. Other key questions in the ceasefire deal remain unresolved, including the future governance of Gaza and the funding for a billion-dollar reconstruction process. Israel wants to ensure that the weakened Hamas disarms, and Netanyahu has warned that Israel could do it &ldquo;the hard way.&rdquo; Hamas refuses to disarm and wants to ensure Israel pulls its troops completely out of Gaza. The Israeli military has withdrawn from much of Gaza City, the southern city of Khan Younis, and other areas. Troops remain in most of the southern city of Rafah, towns of Gaza&rsquo;s far north, and the wide strip along Gaza&rsquo;s border with Israel. Under the US plan, an international body will govern Gaza, overseeing Palestinian technocrats running day-to-day affairs. Hamas has said that Gaza&rsquo;s government should be worked out among Palestinians. The plan calls for an Arab-led international security force in Gaza, along with Palestinian police trained by Egypt and Jordan. It said Israeli forces would leave areas as those forces deploy. About 200 US troops are now in Israel to monitor the ceasefire. The plan also mentions the possibility of a future Palestinian state, another nonstarter for Netanyahu.

Middle East

Red Cross buses carrying Palestinian prisoners arrive in Ramallah and Gaza; Hamas hands over hostages to the Red Cross; Trump to address Israeli parliament; later, attend the Sharm el-Sheikh summit in Egypt, which aims to strengthen peace in Gaza after two years of devastation by Israel.

All surviving Israeli hostages, 1,900 Palestinian prisoners released

MELBOURNE: Australia has signed a new defence agreement with Papua New Guinea, its first in more than 70 years, as Canberra seeks to block China from expanding its security presence in the Pacific. Under the Pukpuk defence treaty, which is the first signed by Papua New Guinea, Australia, and its northern neighbour, they are obliged to come to each other&rsquo;s aid if attacked. &quot;This is a historic agreement,&quot; Australian Prime Minister Anthony Albanese told the press in Canberra. &ldquo;By continuing to build our security relationships in the region, we safeguard our own security.&rdquo; The treaty allows as many as 10,000 Papua New Guineans to serve with the Australian Defence Force, under dual arrangements. Australia was Papua New Guinea&#39;s colonial master until the developing island nation became independent in 1975. Australia, with its population of 28 million, and Papua New Guinea, with an estimated population of roughly 10 million, are the most populous nations in the South Pacific. The United States and Australia have both strengthened their military ties with Papua New Guinea in recent years, which is viewed as a strategically important partner in countering China&rsquo;s growing influence in the Pacific. Albanese said both nations have agreed &quot;not to undertake any activities or enter into any agreements that would compromise the implementation of this Treaty.&quot; &quot;This Treaty was not conceived out of geopolitics or any other reason. But out of geography, history, and the enduring reality of our shared neighbourhood,&quot; Papua New Guinea Prime Minister James Marape told the press. The Papua New Guinea cabinet approved the Pukpuk treaty, which translates to &quot;crocodile,&quot; last week. &quot;We still retain our relationship with China and other nations,&quot; Marape added.

 Anthony Albanese, left, and James Marape

Australasia

Australia and Papua New Guinea signed the historic Pukpuk defence treaty, pledging mutual defence support and closer military cooperation, allowing 10,000 PNG troops to serve with Australia, while reaffirming Papua New Guinea’s ties with China.

Australia, Papua New Guinea sign historic defence treaty

COPENHAGEN: European leaders meeting in Copenhagen warned that Russia is escalating a hybrid war across the continent and moved to bolster air defenses, including a proposed &ldquo;drone wall,&rdquo; while weighing a loan for Ukraine backed by frozen Russian assets. Europe &ldquo;is in the middle of a hybrid war waged by Russia,&rdquo; Danish Prime Minister Mette Frederiksen said as she hosted the summit. &ldquo;I hope that everybody recognizes now that there is a hybrid war and one day it&rsquo;s Poland, the other day it&rsquo;s Denmark, and next week it will probably be somewhere else that we see sabotage or we see drones flying,&rdquo; AP reported. &nbsp; Drone incursions prompt defense pushThe meeting followed a string of drone incidents at Danish airports and military sites. A special radar system was set up at Copenhagen airport after unidentified drones forced a closure last week. France, Germany, the Netherlands, Sweden, and the United Kingdom sent aircraft, ships, and air defenses to Denmark. At the same time, Ukraine dispatched a mission to share expertise on combating drones, according to the AP.&nbsp; Reuters reported Frederiksen calling for a European network of anti-drone measures to &ldquo;protect and, of course, also neutralize intrusion from outside.&rdquo; He went on to add, &ldquo;Europe must be able to defend itself.&rdquo; EU considers frozen assets planLeaders discussed preparing Europe to deter Russian aggression by 2030 amid concerns about the United States&rsquo; focus elsewhere. Ukrainian President Volodymyr Zelenskyy addressed the gathering by video as leaders considered ways to sustain military and financial support.&nbsp; A European Commission proposal for a &ldquo;reparation loan&rdquo; to Ukraine, backed by frozen Russian assets, was a central topic. &ldquo;We are not confiscating the assets, but we are taking the cash balances for a loan to Ukraine,&rdquo; Commission President Ursula von der Leyen said.&nbsp; Rising security concernsRecent airspace incidents sharpened urgency. Several Russian drones breached Poland&rsquo;s airspace on Sept. 10, prompting North Atlantic Treaty Organization aircraft to intercept some devices in what officials described as the first direct encounter with Moscow&rsquo;s hardware since 2022. Days later, NATO jets escorted three Russian warplanes out of Estonia&rsquo;s airspace.&nbsp; Call to rearmAP reported Frederiksen urged Europe to &ldquo;rearm,&rdquo; buy capabilities, and innovate on drones. &ldquo;When I look at Europe today, I think we are in the most difficult and dangerous situation since the end of the Second World War,&rdquo; she said.

Germany's Chancellor Friedrich Merz and France's President Emmanuel Macron prior to an informal summit in the Danish parliament at Christiansborg Castle in Copenhagen, on Wednesday, Oct. 1, 2025.

Europe

European leaders meeting in Copenhagen warned that Russia is escalating a hybrid war across the continent and moved to bolster air defenses, including a proposed “drone wall,” while weighing a loan for Ukraine backed by frozen Russian assets.

EU leaders in Denmark call for drone defense, Ukraine funding

MADRID/ROME: Spain&#39;s Prime Minister, Pedro Sanchez, announced on Wednesday that he will send a military warship to protect the Sumud flotilla to Gaza after it was attacked by drones off Greece.His announcement follows Italy&rsquo;s Defense Minister Guido Crosetto&#39;s statement, who told parliament that Rome would send its second navy ship to escort the aid flotilla, according to Reuters.<span style="font-size: 18px; font-family: Arial, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Spanish Prime Minister Pedro S&aacute;nchez said in New York, where he has been attending the UN General Assembly, that Spain would dispatch a naval vessel from Cartagena &ldquo;with all necessary resources in case it was necessary to assist the flotilla and carry out a rescue operation,&rdquo; Reuters reported.&nbsp;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px; line-height: 2;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 697px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1970920065533898892&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fmedia-library%2F&sessionId=a8772acc9d5df009006a83b6df210ef92ba42eb9&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;</iframe></div></div><span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">S&aacute;nchez stressed that &ldquo;international law must be respected&rdquo; and that Spanish citizens had the right to sail safely through the Mediterranean.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Italy&rsquo;s sending rescue reinforcements&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Italy&rsquo;s Defense Minister Guido Crosetto said Rome had activated the navy frigate&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: italic; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Fasan<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">, which was heading to the area from north of Crete &ldquo;for possible rescue operations.&rdquo;&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">He added: &ldquo;In a democracy, demonstrations and forms of protest must also be protected when they are carried out in accordance with international law and without resorting to violence,&rdquo; AP reported.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Italy&rsquo;s Foreign Ministry meanwhile reported its computer systems were hit by a &ldquo;mail bombing&rdquo; campaign after the flotilla urged supporters to pressure Rome into condemning the attack, saying the flood of emails hindered its crisis unit&rsquo;s work. Italian officials said 58 citizens, including lawmakers, were aboard the flotilla, AP reported.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The European Commission said freedom of navigation under international law &ldquo;must be upheld,&rdquo; while the UN Human Rights Office called for an investigation.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Thunberg on the move&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The Global Sumud Flotilla, involving about 50 civilian boats carrying lawyers, activists, and aid &mdash; including Swedish climate campaigner Greta Thunberg &mdash; is seeking to break Israel&rsquo;s naval blockade of Gaza.&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">A spokesperson for March to Gaza Greece told Reuters the vessels were attacked by 12 drones in international waters 30 nautical miles (56 km) off the Greek island of Gavdos.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Thunberg told Reuters earlier that drones had flown over them nightly: &ldquo;This mission is about Gaza, it isn&rsquo;t about us. And no risks that we could take could even come close to the risks the Palestinians are facing every day.&rdquo;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 700; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Attacks on Flotilla&nbsp;<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The flotilla has reported several attacks since it set sail from Spain on Sept. 1, including two while some of its boats were in Tunisian waters.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Activists have launched several flotillas aimed at breaking the blockade over the years, nearly all of them intercepted by Israel. Another vessel said it was attacked by drones in May in international waters off Malta. An overland convoy traveling across North Africa also attempted to reach the border but was blocked by security forces aligned with Egypt in eastern Libya.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In 2010, Israeli commandos raided the Mavi Marmara, a boat participating in an aid flotilla attempting to breach the maritime blockade of Gaza, killing 10 Turkish activists in clashes on board.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Israel has criticized the flotilla as tacitly supportive of Hamas but did not comment on the drone attack on Tuesday as reported by Reuters.<span style="font-size: 18px; font-family: Arial, Helvetica, sans-serif; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Since the war in Gaza began, more than 65,000 Palestinians have been killed, according to Gaza health authorities, with famine, mass displacement, and destruction continuing.

Spanish Prime Minister Pedro Sánchez arrives for a press conference in New York

Spain and Italy will each deploy naval vessels to assist an international flotilla delivering aid to Gaza after it was attacked by drones off Greece.

Spain to send warship to protect Gaza aid flotilla

RAIPUR: The death toll from a boiler blast at a power plant in central India has risen to 19, a police officer said Wednesday, noting that 17 others were injured. The explosion occurred Tuesday at a facility operated by Vedanta Limited, a subsidiary of London-listed Vedanta Resources, in Chhattisgarh state&#39;s Sakti district. &quot;The death toll in the power plant blast has reached 19 whereas 17 are undergoing treatment in various hospitals,&quot; district police chief Praful Thakur told AFP. The explosion likely occurred after a pipeline burst, spewing &quot;superheated steam&quot; onto people having lunch at the time, the Indian Express newspaper said. Indian-born billionaire Anil Agarwal, chairman of Vedanta Resources, said he was &quot;distressed by the extremely tragic accident&quot;. &quot;A high-level investigation into this incident has been initiated. We will leave no stone unturned in getting to the bottom of this matter,&quot; he said in a statement. Chhattisgarh state authorities have also launched a probe, with chief minister Vishnu Deo Sai vowing the &quot;strictest possible action&quot; against those found guilty. Industrial accidents are common in India, often due to poor adherence to safety regulations and weak enforcement. A fire at a fireworks factory in western India last month killed 17 people.

India

A boiler explosion at a Vedanta power plant in central India kills 19 people and injures 17, prompting investigations into the cause.

India power plant blast death toll climbs to 19: Police

Web Desk

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Alibaba-backed Koko Tech Pakistan Pvt. Ltd. to operate a &quot;Buy Now Pay Later&quot; business in Pakistan. In a press release issued on Tuesday, the SECP said the development marked a significant step for Pakistan&rsquo;s digital financial ecosystem.&nbsp; Koko Tech is owned by Alibaba, making the move a notable entry by a major global technology company into Pakistan&rsquo;s fintech space. The regulator said Alibaba&rsquo;s move reflected growing international confidence in Pakistan&rsquo;s large consumer base, expanding digital economy and untapped financial services market.&nbsp; It added that Koko Tech was expected to introduce innovative, data-driven lending solutions in the Buy Now Pay Later segment by using advanced AI-driven credit assessment systems and globally tested digital infrastructure. According to the SECP, the company&rsquo;s entry would help expand access to consumer financing, particularly for young users, freelancers and small businesses that remain underserved by traditional banking channels.&nbsp;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044020211641397593&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2Fnew%2F&sessionId=59cf929660b953b1a57fd64f6b4703305659807c&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px" style="position: static; visibility: visible; width: 550px; height: 897px; display: block; flex-grow: 1;">&nbsp;</iframe></div></div>The commission said the new license could also help support small and medium-sized enterprises, increase e-commerce activity and accelerate the shift toward a more inclusive, technology-led financial system. The SECP described the development as a direct inflow of foreign investment into Pakistan&rsquo;s financial sector.&nbsp; In the press release, SECP Chairman Dr Kabir Ahmed Sidhu said the entry of Alibaba Group would boost competition and innovation in Pakistan&rsquo;s fintech market.&nbsp; He added that Pakistan remains an attractive destination for international investment because of its large population, growing digital adoption and an improving regulatory framework. The licensing of KTPL comes as Pakistan seeks to deepen financial inclusion and broaden the use of digital financial services across the economy.&nbsp; Buy Now Pay Later services, which allow consumers to pay for purchases in installments, have expanded rapidly in many markets as an alternative form of short-term consumer credit, especially in online retail. The move is likely to be closely watched by Pakistan&rsquo;s banking, fintech and e-commerce sectors, as Alibaba&rsquo;s entry in the Buy Now Pay Later segment could intensify competition and spur further innovation in consumer lending and digital payments. Alibaba Group has a significant and growing presence in Pakistan. Its operations span e-commerce, digital payments, logistics, and cloud computing, including platforms such as Daraz and AliExpress.

Economy

Pakistan’s SECP grants a 'Buy Now Pay Later' license to Alibaba-backed Koko Tech Pakistan, signaling the growing confidence of foreign companies in its digital financial market.

Alibaba-backed firm granted Buy Now Pay Later license for Pakistan

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif has departed for Jeddah for an official visit to Saudi Arabia, kicking off a significant four-day official tour spanning Saudi Arabia, Qatar, and Turkiye from April 15 to 18, according to an official statement.<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 688px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044273504418447435&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=8826cd1edd93237dc0a2dec520b30130f6da51cf&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>The prime minister will be accompanied by a high-level delegation, the statement said, without sharing further details. The announcement comes shortly after Finance Minister Aurangzeb said that Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected within a week, providing timely support for the country&rsquo;s external financing needs.&nbsp;Speaking to the media on the sidelines of the <a href="https://www.pakistantv.com/article/pakistan-finance-minister-outlines-macroeconomic-outlook-reform-progress-at-uspakistan-business-council-luncheon" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">World Bank-IMF Spring Meetings 2026</a>, the finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement. During his visits to Saudi Arabia and Qatar, the prime minister is expected to hold high-level meetings with the leadership of both countries to discuss bilateral cooperation as well as regional peace and security. In T&uuml;rkiye, the prime minister will participate in the Antalya Diplomacy Forum, where he will join a leaders&rsquo; panel to present Pakistan&rsquo;s perspective on key global issues. On the sidelines of the forum, Sharif is also expected to meet Recep Tayyip Erdoğan and other world leaders.Pakistan&rsquo;s participation in the forum reflects its commitment to constructive diplomacy, multilateral cooperation and engagement on global challenges. The prime minister will be accompanied by a high-level delegation, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Information Minister Attaullah Tarar, and Special Assistant to the Prime Minister Syed Tariq Fatemi, along with other senior officials.

Prime Minister Shehbaz Sharif meets the Crown Prince and Prime Minister of Saudi Arabia Prince Muhammad bin Salman on March 12, 2026, in Jeddah.

Foreign Affairs

Pakistani Prime Minister Shehbaz Sharif has departed for Jeddah for an official visit to Saudi Arabia, kicking off a significant four-day official tour spanning Saudi Arabia, Qatar, and Turkiye from April 15 to 18.

Pakistan's PM begins three-nation visit to Saudi Arabia, Qatar and Turkiye

ISLAMABAD: Pakistan&#39;s Finance Minister Muhammad Aurangzeb said Tuesday that the country&#39;s leadership is not giving up on efforts to help the US and Iran negotiate.&nbsp; &quot;We would very much like to see if we can continue to pursue the dialogue,&quot; he said during an interview with the Associated Press on the sidelines of the spring meetings of the International Monetary Fund and World Bank. &quot;We&#39;ll keep at it, and our leadership is at it.&quot; Aurangzeb said&nbsp;the&nbsp;talks marked the first direct discussion between the two nations in nearly 50 years. The finance minister said he also met this week with US officials, including Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, to discuss trade and finance concerns. He plans to meet Treasury Secretary Scott Bessent on Friday. In a phone call with The New York Post, President Trump said Tuesday a second round of talks with Iran &quot;could be happening over the next two days,&quot; indicating that the venue could be Islamabad.

Muhammad Aurangzeb - (File Photo: Wikimedia Commons)

Pakistan's Finance Minister says Pakistan will continue to push US-Iran dialogue as talks resume, and Donald Trump signals a possible second round soon.

Pakistan won't quit US-Iran mediation, says finance minister

BEIJING: Russia&#39;s foreign minister said that his country could make up for China&#39;s energy shortages as shipping through the Strait of Hormuz is choked by the US-Israeli war with Iran, Russian state media reported Wednesday. &quot;Russia can, without a doubt, compensate for the shortfall in resources that has arisen&quot; for China and &quot;other countries that are interested in working with us&quot; Sergei Lavrov said at a news conference in Beijing, in response to a question about the Hormuz blockage. He also said that Russian President Vladimir Putin will visit China in the first half of the year, Moscow&#39;s TASS state news agency reported. Russia and China&#39;s close economic and political partnership has deepened since Moscow&#39;s 2022 invasion of Ukraine. Lavrov, who began a two-day visit to Beijing on Tuesday and met President Xi Jinping on Wednesday, characterised the bilateral relationship as &quot;unshakable in the face of any storms&quot;, Russia&#39;s TASS and RIA Novosti news agencies reported. Ties between the countries &quot;play a stabilising role in world affairs&quot; and are &quot;becoming increasingly important... for the global majority that does not want problems or turbulence&quot;, he said. Lavrov&#39;s visit comes during the same week as a string of foreign leaders meet with Xi in the Chinese capital, including To Lam of Vietnam and Pedro Sanchez of Spain.

Asia

China

Sergei Lavrov says Russia can offset China’s energy shortfall amid disruptions in the Strait of Hormuz, as Moscow and Beijing deepen strategic ties.

Russia can 'compensate' for China's resource gap from Iran war

Web Desk/AFP

WASHINGTON:&nbsp;Israel and Lebanon released a joint statement saying that they held &ldquo;productive discussions&rdquo; and agreed to launch direct negotiations as the two sides met in Washington, the United States said on Tuesday. &quot;The participants held productive discussions on steps toward launching direct negotiations between Israel and Lebanon,&quot; State Department spokesperson Tommy Pigott said in a statement. &quot;All sides agreed to launch direct negotiations at a mutually agreed time and venue,&quot; he said. The announcement came after Israeli and Lebanese envoys held more than two hours of talks mediated by US Secretary of State Marco Rubio. &quot;The United States congratulated the two countries on this historic milestone and expressed its support for further talks, and for the government of Lebanon&#39;s plans to restore the monopoly of force and to end Iran&#39;s overbearing influence,&quot; Pigott said. And it &quot;affirmed that any agreement to cease hostilities must be reached between the two governments, brokered by the United States, and not through any separate track,&quot; he added. Lebanon was pulled into the region-wide Iran war on March 2 after pro-Tehran Hezbollah attacked Israel. Since then, Israeli strikes have killed more than 2,000 people and displaced more than one million, despite international calls for a ceasefire, and Israeli ground forces have invaded southern Lebanon.

Israel and Lebanon agree to launch direct negotiations after “productive” talks in Washington mediated by Marco Rubio, marking a potential step toward de-escalation.

Israel, Lebanon agree to direct negotiations after 'productive' talks: US

ISLAMABAD: Pakistan&#39;s Minister for Finance and Revenue Muhammad Aurangzeb said that Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected within a week, providing timely support for the country&rsquo;s external financing needs. Speaking to the media on the sidelines of the&nbsp;<a href="https://www.pakistantv.com/article/pakistan-finance-minister-outlines-macroeconomic-outlook-reform-progress-at-uspakistan-business-council-luncheon" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">World Bank-IMF Spring Meetings 2026</a>, the finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px; line-height: 2;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 672px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2044247340308148616&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=6cce7b9fd498f49855a1f8e1b89c9a140954b443&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>Aurangzeb said the fresh inflows would help strengthen Pakistan&rsquo;s foreign exchange reserves and support its external account, as the government aims to build reserves to around $18 billion, equivalent to about 3.3 months of import cover, by the end of the current fiscal year. He said Pakistan remains committed to meeting all external obligations on time, noting that the recent repayment of a $1.4 billion Eurobond was completed smoothly. The minister said Pakistan&rsquo;s external financing plan is well-defined and being implemented in a disciplined manner under the IMF-supported program. He added that during his visit, he held detailed talks with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan and senior Pakistani officials to finalize the support package. Aurangzeb expressed gratitude to the Saudi leadership, particularly Crown Prince Mohammed bin Salman, for continued financial backing and close cooperation. He said Pakistan is receiving strong recognition from international financial institutions, including the International Monetary Fund and the World Bank, as well as global investors, for its economic reforms and diplomatic engagement. The minister added that Pakistan is advancing efforts to diversify funding sources through initiatives such as the Global Medium-Term Note program and a planned Panda Bond issuance. Aurangzeb reaffirmed the government&rsquo;s commitment to macroeconomic stability, continuity of reforms, and sustained engagement with bilateral and multilateral partners.

Pakistan's Finance Minister Muhammad Aurangzeb, alongside State Bank Governor Jameel Ahmad, met Saudi Finance Minister H.E. Mohammed bin Abdullah Al-Jadaan in Washington on the sidelines of the World Bank-IMF Spring Meetings 2026.

The finance minister said the Kingdom has also agreed to extend its existing $5 billion deposit for a longer period, moving away from the earlier annual rollover arrangement.

Saudi Arabia commits $3B in additional deposits for Pakistan: FM Aurangzeb

GAZA CITY: Gaza&#39;s civil defense agency said on Tuesday that a toddler was among 10 people killed in separate Israeli strikes in the northern part of the Palestinian territory. Violence continues despite a ceasefire in the Gaza war that came into effect on October 10, with both Israel and Hamas regularly accusing each other of violations. Mahmoud Bassal, spokesman for the civil defense agency, said &quot;four people were killed, including a child and several others were injured... in a strike targeting a police vehicle&quot; in Gaza City. He identified the child as three-year-old Yahya al-Mallahi. Gaza City&#39;s Al-Shifa hospital confirmed receiving the bodies of the dead. Contacted by AFP, the Israeli army said it was looking into the details. In a statement, Gaza&#39;s interior ministry said Israeli warplanes had &quot;targeted a police vehicle&quot; in the city centre, &quot;causing several deaths and injuries.&quot; Bassal also said another person had been killed by Israeli fire in the northern Beit Lahia area earlier on Tuesday. The military said in a statement that its troops had identified an &quot;armed terrorist&quot; in the area of the so-called Yellow Line &mdash; behind which its forces have withdrawn &mdash; who approached their position. The army said he was killed in a strike, but it was unclear whether it referred to the same incident in Beit Lahia. AFP footage showed Palestinians gathering around the body of a man who was then placed on a stretcher and carried away to be buried through streets lined with rubble. Later on Tuesday evening, the civil defense agency reported that multiple people were killed in another strike near an intersection in the Al-Shati refugee camp in Gaza City. The Al-Shifa hospital confirmed receiving five bodies from &quot;an Israeli drone bombing with two missiles a group of citizens in front of warehouses for electricity generators&quot; in Al-Shati. The military did not offer an immediate response regarding the latest strike. The October ceasefire followed more than two years of war on Gaza. At least 757 have been killed in Gaza since the truce came into effect, according to the territory&#39;s health ministry, whose figures are considered reliable by the United Nations. The Israeli army says five of its soldiers have been killed in Gaza over the same period. Media restrictions and limited access in Gaza have prevented AFP from independently verifying casualty figures or freely covering the fighting.

Violence continues despite a ceasefire in the Gaza war that came into effect on October 10, with both sides accusing each other of violations; at least 757 have been killed in Gaza since the truce came into effect.

Gaza civil defense says toddler among 10 killed in Israeli strikes

ISLAMABAD: Pakistan&rsquo;s Finance Minister Muhammad Aurangzeb on Tuesday briefed participants at a luncheon of the US-Pakistan Business Council on the country&#39;s macroeconomic outlook and reform progress. The finance minister departed for the United States to participate in the World Bank Group&ndash;IMF Spring Meetings 2026, to be held in Washington, from April 13 to 18, 2026. The minister met the United States Trade Representative on the sidelines of the World Bank-IMF Spring Meetings 2026 to discuss trade and investment cooperation. In a post on the Finance Ministry&rsquo;s X account, Finance Minister Aurangzeb interacted with representatives of US companies operating in Pakistan on the sidelines of the World Bank&ndash;IMF Spring Meetings 2026. Highlighting the approval of a staff-level agreement on the third review under Pakistan&rsquo;s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), the finance minister outlined the economic impact of the ongoing conflict in the Middle East, particularly in terms of energy procurement, pricing, and logistics. According to the statement, the finance minister elaborated on the &ldquo;government&rsquo;s policy response, including measures focused on supply chain stabilization, demand management, and the provision of fiscally-neutral targeted subsidies.&rdquo; He also highlighted emerging positive developments, including a &ldquo;significant surge in transshipment volumes through Karachi Port and record inflows under the Roshan Digital Account initiative.&rdquo; Underscoring the ongoing efforts to broaden the tax base, the finance minister talked about the &ldquo;particular focus&rdquo; the government has &ldquo;on bringing segments of the informal professional economy into the tax net through targeted Federal Board of Revenue (FBR) audits and sector-specific engagement.&rdquo; An interactive question-and-answer segment was held at the end of the discussion, reflecting strong interest from participants in Pakistan&rsquo;s economic trajectory and reform agenda.

Finance minister interacts with representatives of US companies operating in Pakistan on the sidelines of the World Bank–IMF Spring Meetings 2026.



Pakistan's finance chief outlines macroeconomic outlook, reform progress at US-Pakistan Business Council 

Americas

US president says if he were to raise the stakes in the war, it would take Iran 20 years to rebuild, adds Iran wants to make a deal "very badly"; UN secretary-general expresses enormous admiration for Pakistan for Islamabad talks, terms it a "very important initiative"; VP Vance says negotiations in Pakistan made "ton of progress."



Articles by Reuters/AP