Upcoming visit of Iranian President to Pakistan

Iran-Pakistan relationship are unique — one defined not simply by geography, but by centuries of shared civilizational experience, religious affinity, cultural kinship and converging strategic interests. The two sovereign nations can gain from an enduring partnership — and even more to contribute to the future of the region.

The upcoming state visit of Iranian President Masoud Pezeshkian to Pakistan reflects this growing momentum. It builds upon a history of high-level engagement that includes the late President Ebrahim Raisi’s landmark visit to Islamabad and Prime Minister Shehbaz Sharif’s reciprocal visit to Tehran.

These exchanges, along with sustained diplomatic consultation between senior officials of both the countries, represent a deepening alignment that extends well beyond ceremonial diplomacy. These reflect a conscious, strategic choice to elevate the bilateral relationship into one of regional consequence.

Iran and Pakistan share a 900-kilometre border that is more than a line dividing two states; it is a bridge that has connected peoples and civilizations for centuries. Through this frontier flowed not only trade, but ideas, languages, poetry and faiths that continue to animate our societies today.

From the celebration of Nowruz to shared Sufi traditions, the depth of cultural and spiritual interconnection has forged an enduring sense of familiarity and trust that forms the bedrock of political cooperation.

As two proud Muslim nations, Iran and Pakistan are anchored in the principles of Islam -- justice, compassion and solidarity. These values are not only sources of internal cohesion; they serve as guiding lights for international engagement. The two countries stand together in support of causes such as the Palestinian struggle, to speak out against injustice and to promote peace through cooperation and mutual respect.

Their economic complementarities offer enormous potential. Pakistan’s agricultural dynamism and Iran’s abundant energy resources, coupled with shared interest in connectivity, provide a natural basis for integration.

In addition to sectoral synergies, both nations share a long-term interest in fostering an open, equitable, and interdependent regional economy. By aligning visions, Iran and Pakistan can build a sustainable economic partnership grounded in mutual resilience, technological progress and inclusive growth. Such cooperation can play a transformative role in lifting communities, creating employment and promoting a model of development that benefits the wider region.

At a time transnational threats continue to endanger their security, Iran and Pakistan remain vigilant against terrorist networks operating in border regions. Coordination in counterterrorism is not an option; it is an imperative.

Beyond local threats, both countries face broader strategic concerns arising from aggressive postures in the region. The Israeli regime’s ongoing genocide in Gaza, its occupation of Syria and Lebanon, and its recent unprovoked attacks on Iranian territory underscore the urgency of a collective response to belligerent forces that thrive on instability and domination. Responsible states cannot afford silence. It is time to strengthen coordination, deepen security cooperation and articulate a clear and united stance in international forums.

Iran deeply appreciates the principled position taken by the Government of Pakistan in unequivocally condemning the June 2025 Israeli and American military aggression against Iranian territory. At a time Western powers chose to stand on the wrong side of history, Pakistan stood firmly for international law, regional stability and solidarity with its neighbour.

Equally moving was the heartfelt support expressed by the people of Pakistan, whose spontaneous outpourings of compassion resonated deeply across Iranian society. The Iranian people watched with gratitude as their Pakistani brothers and sisters raised their voices in their support. This display of empathy and unity will never be forgotten. It reaffirmed the profound depth of our bond and the strength of the values we share.

Iran and Pakistan also enjoy a record of close cooperation across multilateral institutions. At the UN, the two have consistently worked together to defend the rights of the Palestinian people and advance sustainable development goals.

Within the Organization of Islamic Cooperation, we advocate for addressing the pressing challenges of the Muslim Ummah. As active members of the Shanghai Cooperation Organization, the Economic Cooperation Organization, and the D-8, pursue shared objectives in connectivity, economic integration, and regional peace.

Coordinated diplomacy amplifies their voice on the global stage and helps steer international discourse towards justice, equity, and multilateralism. This collaboration is not limited to crisis management. It also reflects a broader strategic convergence.

Both Iran and Pakistan uphold principles of sovereignty, non-interference, and the peaceful resolution of disputes. Both are committed to a regional order in which Muslim nations shape their own destinies and cooperate toward collective prosperity.

Their partnership holds promise in trilateral and broader regional settings as well. With Afghanistan as their mutual neighbour, the two share an interest in stabilizing the country and ensuring that peace and development replace conflict and extremism. By integrating their economic strategies and leveraging geostrategic positions, Iran and Pakistan can help transform the region into a hub of cooperation rather than competition.

The creation of functional trade and transit corridors, grounded in mutual benefit, brings tangible dividends to our peoples and reaffirms our leadership in crafting a forward-looking regional architecture.

The path ahead calls for unity, clarity of purpose, and a willingness to transform shared aspirations into lasting institutions and practical achievements. Enhancing diplomatic dialogue, expanding economic ties, fostering educational and cultural exchanges and institutionalizing cooperation on security and development will give real depth and resilience to our relationship.

President Pezeshkian’s visit provides an opportunity not only to reaffirm commitments but to reimagine possibilities. In doing so, the two may draw inspiration from Allama Iqbal — Pakistan’s national poet and a profound admirer of Persian thought — who reminded us that the soul of nations is shaped not in fleeting political cycles, but in enduring moral and spiritual visions. His words resonate still: “Nations are born in the hearts of poets; they prosper and die in the hands of politicians.”

Iran-Pakistan friendship is not merely a relic of the past; it is a strategic investment in the future. In unity, they find strength. In cooperation, they find purpose. And in mutual respect, they find the foundation for lasting peace and shared progress.

 

PSX benchmark index up 1.31%WoW

Pakistan Stock Exchange (PSX) benchmark index closed at an all-time high of 141,035 points, up 1,828 points or 1.31%WoW on Friday, August 01, 2025.

The positive momentum was driven by conclusion of trade deal between the United States and Pakistan including focus on developing Pakistan’s oil reserves, coupled with officials commenting that government is all set to disburse the PKR1.3 trillion amount, secured from commercial banks, by next week.

This triggered gains in the E&P and OMC sectors. The said development overshadowed the subdued performance of initial days over monetary policy committee (MPC) announcement uncertainty, in which MPC maintained a status quo on policy rate over inflation concerns.

Despite the index’s upward momentum, market participation declined, with average daily traded volumes falling 11.6%WoW to 562 million shares, compared to 635 million shares a week ago.

On the macroeconomic front, US announced reduced tariffs on Pakistani exports at 19%, down from the previously imposed 29%.

Headline inflation for July 25 inched up to 4.1%YoY, as compared to 3.2%YoY a month ago.

Pakistani Rupee appreciated for a second consecutive week by 0.26%WoW, supported by government efforts to curb down on the illicit Fx market.

Foreign exchange reserves by State Bank of Pakistan (SBP) declined by US$153 million to US$14.3 billion as of Jul 25, 2025.

Other major news flow during the week included: 1) FBR collected PKR755 billion against a target of PKR748 billion, 2) Yarn, grey cloth, raw cotton removed from EFS purview, 3) SBP bought US$6.7 billion from the interbank market in 10MFY25, 4) GoP imposed PKR238/ mmbtu levy on gas for captive power plants, and 5) GoP slashed petrol price but hiked high-speed diesel.

Jute, E&P, and OMC were amongst the top performing sectors, while Vanaspati & allied industries, Woollen, and Property were among the laggards.

Major selling was recorded by Banks and Foreigners with a net sell of US$5.0 million and US$4.5 million, respectively. Mutual funds absorbed most of the selling with a net buy of US$10.9 million.

Top performing scrips of the week were: BWCL, OGDC, SYS, PPL, and PSO, while laggards included: EPCL, BNWM, JVDC, PSEL, and MEHT.

According to AKD Securities, PSX is expected to remain positive in the coming weeks, with further developments over circular debt expected to drive the market along with upcoming corporate results.

The benchmark index is anticipated to remain on upward trajectory, with a target of 165,215 points by end December 2025.

Market will be primarily driven by strong earnings in Fertilizers, sustained ROEs in Banks, and improving cash flows of E&Ps and OMCs, benefiting from falling interest rates and economic stability.

Top picks of the brokerage house include: OGDC, PPL, PSO, FFC, ENGROH, MCB, HBL, FCCL, KOHC, INDU, and SYS.

US used about a quarter of its high-end missile interceptors in Israel-Iran war

According to CNN, the United States blew through about a quarter of its supply of high-end THAAD missile interceptors during Israel’s 12-day war with Iran in June 2025, thwarting attacks at a rate that vastly outpaces production.

US forces countered Tehran’s barrage of ballistic missiles by firing more than 100 THAADs (short for Terminal High Altitude Area Defense) – and possibly as many as 150 – a significant portion of America’s stockpile of the advanced air defense system, the sources said. The US has seven THAAD systems, and used two of them in Israel in the conflict.

Using so many THAAD interceptors in such a short period exposed a gap in the US missile defense network and depleted a costly asset at a moment when American public support for Israeli defense has reached historic lows.

Former US defense officials and missile experts told CNN that the rapid drawdown has also raised concerns about America’s global security posture and ability to regenerate supplies at speed.

Last year, the US produced only 11 new THAAD interceptors and is expected to receive just 12 more this fiscal year.

In response to questions regarding the US’s THAAD stockpile and the expenditure of interceptors during the 12-day conflict, Pentagon Press Secretary Kingsley Wilson said the US military is the strongest it has even been and has everything it needs to conduct any mission anywhere, anytime, all around the world. If you need further proof, look no further than Operation Midnight Hammer and the total obliteration of Iran’s nuclear capabilities.

CNN reported that an early intelligence assessment determined the US’ strikes on Iran’s nuclear facilities last month did not destroy the core components of the country’s nuclear program and likely only set it back by months.

The US administration dismissed the assessment, and the CIA later said it had evidence Iran’s nuclear program was severely damaged.

Despite the heavy use of THAADs during the 12-day war to help fend off Tehran’s assault last month, dozens of Iranian missiles still struck Israel.

THAAD is a mobile system that can engage and destroy short, medium, and intermediate-range ballistic missiles both inside and outside of the Earth’s atmosphere during their final phase of flight. Each battery is operated by 95 American soldiers, armed with six launchers, and 48 interceptors. The interceptors are manufactured by Lockheed Martin and cost roughly US$12.7 million, according to the 2025 Missile Defense Agency budget.

Two-state solution key to regional stability

Saudi Foreign Minister Prince Faisal bin Farhan affirmed the Kingdom’s unwavering belief in the two-state solution as the key to regional stability.

Prince Faisal made his remarks during the opening of the high-level international conference on the peaceful settlement of the Palestinian issue and the two-state solution at the United Nations in New York on Monday.

Co-hosted by Saudi Arabia and France, the conference marks a pivotal step toward advancing concrete international action to implement the two-state solution and end the decades-long conflict.

“The Kingdom believes that the two-state solution is the key to stability in the region,” Prince Faisal said in his opening remarks, adding that the New York conference represents a critical turning point toward its implementation.

He stressed that achieving regional stability begins by granting the Palestinian people their legitimate rights, and welcomed French President Emmanuel Macron’s recent pledge to recognize the State of Palestine.

Prince Faisal also called for an immediate end to the humanitarian catastrophe in Gaza and announced that Saudi Arabia and France have facilitated the transfer of US$300 million from the World Bank to support Palestinians.

He reiterated that the Arab Peace Initiative remains the foundation for any comprehensive and just resolution, while also emphasizing the importance of supporting the International Coalition for the Two-State Solution.

French Foreign Minister Jean-Noël Barrot echoed the urgency of action, condemning the ongoing targeting of civilians in Gaza. “This war has gone on far too long and must end,” he said.

Barrot urged the international community to make the two-state solution a tangible reality, describing the conference as a “turning point” that has generated “unstoppable momentum toward a political resolution in the Middle East.”

United Nations Secretary-General António Guterres thanked Saudi Arabia and France for organizing the conference, describing it as “a unique opportunity to seize the current momentum.”

Guterres emphasized that the conflict can be ended with real political will, and reaffirmed the UN’s commitment to the two-state solution.

He also condemned the illegal annexation of the West Bank, stating that all actions undermining a two-state solution must stop.

Palestinian Prime Minister Mohammad Mustafa described the two-state solution as a historic opportunity for all, and expressed deep gratitude to Saudi Arabia and France for spearheading the conference.

He stressed that the conference sends a clear message to Palestinians that the world stands with them. Mustafa also called for Palestinian unity and urged Hamas to hand over its weapons to the Palestinian Authority.

He proposed the deployment of international forces — coordinated with the PA — to protect civilians, adding, “We are ready to fulfill all our obligations in Gaza. Peace is the only way forward.”

The New York conference aims to lay the groundwork for an end to Israeli violations in the occupied territories and revive international consensus on the two-state framework as a path to lasting peace and regional security.

 

 

Iran-Saudi Cordial Ties Upset US and Israel

Growing amicable relations between Iran and Saudi Arabia have played a significant role in promoting peace and security in West Asia over the past years. Such cordial ties have come into even sharper focus following Israel’s aggression against Iran last month.

On June 13, Israel launched unprovoked strikes on Iranian territory, targeting high-ranking military commanders, nuclear scientists, and civilians alike. The United States later joined the Israeli war effort, launching attacks on three of Iran’s nuclear facilities—actions widely viewed as violations of the United Nations Charter and the Non-Proliferation Treaty.

In a swift and powerful response, Iranian Armed Forces launched retaliatory strikes on strategic Israeli targets in cities such as Tel Aviv and Haifa, and struck the al-Udeid air base in Qatar—the largest American military installation in West Asia.

By June 24, Iran’s coordinated operations had effectively brought Israeli and American aggression to a halt.

The scale and precision of Iran’s missile power shocked Israel and its Western allies, particularly the United States. 

 “Although Israel has its own sophisticated, multilayered defense, which includes systems like Arrow, David’s Sling and Iron Dome, the country was running low on its own interceptors and was husbanding resources by the time the conflict ended.

Had Iran fired a few more large volleys of missiles, Israel could have exhausted its supply of top-tier Arrow 3 munitions,” The Wall Street Journal reported on Friday, citing American officials familiar with the 12-day war. 

The Journal also revealed that despite deploying two advanced THAAD missile-defense systems to Israel in the wake of the conflict, the US efforts proved insufficient to fully stop Iran’s missile barrages. 

“Operating alongside Israeli systems, THAAD operators burned through munitions at a furious clip, firing more than 150 missiles to shoot down the waves of Iranian ballistic missiles,” the paper reported.

The intensity of the Iranian attacks created such a high demand for interceptors that, according to the Journal, the Pentagon considered diverting THAAD interceptors already purchased by Saudi Arabia to Israel. “Saudi Arabia refused US request to send interceptors to Israel”

Meanwhile, according to Middle East Eye, which cited two American officials, the US asked Saudi Arabia to turn over THAAD interceptors to help Israel, but Riyadh rejected the request.  “Saudi Arabia's refusal to help Israel will sting officials in Washington,” MEE added. 

Saudi Arabia’s “no” to the US demand underscores the deepening ties with Iran. 

On July 8, Saudi Crown Prince Mohammed bin Salman (MBS) held talks with Iranian Foreign Minister Abbas Araghchi in Jeddah. In the meeting, the Saudi crown prince condemned any military aggression against Iran’s sovereignty and territorial integrity. He welcomed the improving climate of cooperation between the two Islamic powers.

Araghchi, in turn, “thanked Saudi Arabia for its responsible stance in condemning the Israeli aggression against Iran.”

He put emphasis on Iran’s commitment to building stronger ties with its neighbors, including Saudi Arabia based on principles of good neighborliness and mutual interest.

Araghchi also held talks with Saudi Defense Minister Prince Khalid bin Salman and Foreign Minister Prince Faisal bin Farhan, reaffirming the countries’ commitment to closer strategic cooperation.

China’s mediation drives Iran-Saudi unity for regional stability

The renewed diplomatic warmth is rooted in a 2023 agreement brokered by China, which saw Iran and Saudi Arabia formally restore ties after years of estrangement. Since then, China's constructive mediation has played a key role in bringing Tehran and Riyadh closer together.

As the dust settles on the most intense Israel-Iran war in recent memory, the strengthening bond between Iran and Saudi Arabia emerges as a powerful force for stability in West Asia. Their growing diplomatic, political, and economic cooperation is not only reshaping the region's strategic landscape—but also offering a compelling alternative to the cycles of escalation driven by Israeli aggression.

Once geopolitical rivals, Tehran and Riyadh now appear poised to lead a new era—one rooted in sovereignty, mutual respect, and collective security. Their united front sends a clear message: regional peace is best preserved not through foreign intervention or militarism, but through regional unity and shared interests.

In a time of increasing volatility, Iran and Saudi Arabia are demonstrating that Islamic nations can rise above division and become pillars of stability—capable of defending their people, upholding international law, and resisting those who threaten the peace of the region. The path they have chosen may well define the future of West Asia.

 

 

 

 

United States obstructing Gaza ceasefire

The Hamas resistance movement has strongly condemned recent statements by the US administration about the ceasefire negotiations, accusing it of shielding the Israeli occupation regime. 

President Trump stated on Friday, “Hamas didn’t really want to make a deal. I think they want to die and it’s very, very bad. And, it got to a point where you have to finish the job. (Hamas) pulled out (of the negotiations).”

Hamas reiterated its commitment to negotiations and its serious desire to reach a comprehensive agreement on ending the Israeli war on Gaza.

The resistance movement expressed surprise at the remarks by US President Donald Trump, as well as earlier comments by US envoy Steve Witkoff. 

The movement stated that these remarks contradict the assessments of mediators and do not reflect the reality of the negotiation process, which it said had made real progress. 

It emphasized that mediating parties, especially Qatar and Egypt, have expressed their appreciation for Hamas’s serious and constructive stance.

In a press statement, Hamas official Izzat al-Rishq criticized the United States for disregarding “the real obstacle to any agreements.”

He also accused the Netanyahu government of creating roadblocks, engaging in delays, and breaching prior commitments.

Al-Rishq stressed that Hamas has, from the start of the negotiations, acted with national responsibility and great flexibility. 

He said the movement has been keen to reach a comprehensive agreement that would end the genocidal war and alleviate the suffering of Gaza’s population.

Al-Rishq also said Hamas’s latest response came after extensive national consultations with Palestinian factions, mediators, and friendly countries. 

The official added that Hamas had engaged constructively and flexibly with all comments and suggestions raised, including those within Witkoff’s own proposal.

In its response, Hamas emphasized the need for clear and enforceable terms, particularly regarding humanitarian issues. 

It called for an unimpeded flow of aid, distributed through the United Nations and its approved agencies, without interference from the Israeli occupation regime.

According to al-Rishq, Hamas also insisted on reducing the size of buffer zones where Israeli occupation forces would remain for 60 days and not allowing most displaced people to return to their homes.

Hamas also dismissed accusations by the US administration that the aid intended for Gaza is stolen. These claims were baseless and recently disproven by a Reuters report citing a USAID investigation, which found no evidence linking Hamas to the misappropriation of US assistance, it asserted.

Furthermore, Hamas called on the US administration to stop providing political and military cover for the Israeli regime, which continues to carry out a campaign of extermination and starvation against more than two million Palestinians in Gaza under the watch of the international community.

Hamas urged Washington to pressure the Israeli regime to engage seriously in a political process that ends the genocide, leads to a fair prisoner exchange deal, and alleviates the suffering of Palestinian detainees in Israeli prisons.

 

Ousting of female leaders to have chilling effect at Pentagon

The unexplained removal of the first female head of the US Naval Academy last week is the latest in a string of top military women who have either been fired or re-delegated to largely invisible roles under the Trump administration, reports The Hill.

The ousting of Vice Adm. Yvette Davids from her post as the first female superintendent of the academy in Annapolis, makes her one of at least five senior female service members who have been moved out of their roles since January.

That trend, coupled with Defense Secretary Pete Hegseth’s well-documented antipathy toward women in combat roles prior to becoming Pentagon chief, could have a chilling effect on women enlisting in the armed forces, experts say.

“It’s hard not to come to the conclusion that it’s going to weaken our military force by undermining the role of women who have become, I believe, an intrinsic part of our military capability,” said Leon Panetta, a former defense secretary in the Obama administration.

Panetta, who in 2013 announced that all combat roles would soon be open to women — a shift that eventually came in 2015 — told The Hill that the Trump administration’s removal of female leaders from the ranks, often without explanation, will have impacts on morale for female service members. 

“Just to remove commanders from their positions without cause sends a clear signal that this is not about merit, it’s not about performance, and it is about the fact that they’re women. It’s the only conclusion you can come to,” he said.

Davids was not outright fired, instead moved to deputy chief of naval operations, a senior position but largely out of the public eye. But the shift was only after she had led the academy for 18 months rather than the typical three- or four-year tenure of the school’s superintendent.

Nora Bensahel, a professor of civil-military relations at Johns Hopkins University, said the fact that she was removed from the Naval Academy ”really sends a message from the Pentagon that they do not think that a woman is qualified to be in charge of educating and training the next generation of fighters.”