Latest stories about D.C.

Pakistan seals US$7bn deal with IMF to transform and stabilise economy once and for all

Economy
Building on the 2023 Stand-by Arrangement, IMF staff and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility of about US$7 billion, aiming to cement macroeconomic stability, strengthen fiscal and monetary policy, broaden the tax base, improve SOE management, enhance competition, secure investment, enhance human capital, and expand social protection.

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Trump says Iran deal could come this weekend

International
Trump says US-Iran negotiations are going very well and a deal could come this weekend, while cautioning it might not happen. Talks back on track.
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Pakistan manufacturing returns to growth as export orders hit 15-month high

Economy
Per a new purchasing managers’ survey released by HBL and S&P, Pakistan’s manufacturing PMI rose to 50.9 in May, returning to expansion as new orders recovered and export orders posted their strongest rise since February 2025.
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Pakistan’s ports see sharp container surge as Gulf disruption shifts cargo routes

Newsroom
Pakistan’s major ports are seeing a sharp rise in container and transshipment activity as Gulf disruption redirects cargo towards Karachi, Port Qasim and Gwadar.
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Iran prepares three-day farewell ceremonies and 24-hour funeral procession for Ali Khamenei

International
Iranian officials are preparing three days of farewell ceremonies and a 24-hour funeral procession for Ali Khamenei, with events expected in Tehran, Qom and Mashhad.
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Trump reportedly rebukes Netanyahu as Israel’s Lebanon escalation threatens US-Iran diplomacy

Analysis
Trump reportedly warned Netanyahu against further escalation in Lebanon as US-Iran diplomacy faced renewed pressure, with Pakistan and Qatar involved in efforts to preserve a fragile regional framework.
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