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Five Major Powers to Establish Mechanism Pay Iran’s Exports

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Five Major Powers to Establish Mechanism Pay Iran’s Exports

Disgruntled with US President Donald Trump’s pressure to isolate Iran, Washington’s traditional allies including France, UK and Germany plus Russia and China have promised to establish a ‘special purpose vehicle’ to facilitate payments for Tehran’s exports.

The ministerial level representatives from the remaining parties of the 2015 Iran nuclear deal, also known as JCPOA, met with Iranian foreign minister Mohammad Javad Zarif at United Nations headquarters in New York on Monday as part of their efforts to salvage the deal.

According to Tehran based Press TV. Federica Mogherini, the Chief of  European Union’s Foreign Policy and Iranian Foreign Minister Mohammad Javad Zarif held a joint press conference to elaborate on the results of a meeting between the remaining parties of JCPOA, namely France, the UK, Germany, Russia, China, and Iran.

According to a joint statement issued by the participants and read out by Mogherini and Zarif during the press conference, the meeting “took stock of the process of finding and operationalizing practical solutions for issues arising from the unilateral withdrawal of the US from the agreement and the re-imposition of the sanctions lifted under the JCPOA and its Annex II.”

The statement further said, “Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special purpose vehicle to facilitate payments related to Iran’s exports, including oil, and imports, which will assist and reassure economic operators pursuing legitimate business with Iran.”

Five Major Powers to Establish Mechanism Pay Iran’s Exports

It said, “The participants reaffirmed their strong will to support further work aimed at the operationalization of such a Special Purpose Vehicle as well as continued engagement with regional and international partners.”

The statement said that the participants also “welcomed the fact that updates to the EU’s “Blocking Statute” and the European Investment Bank’s external lending mandate to make Iran eligible entered into force on 7 August.”

Iran’s official news agency IRNA reports from New York that the ministerial meeting of Iran and P4+1 was held in the United Nations to discuss the problems faced with implementation of the nuclear deal following US unilateral withdrawal. Before the US withdrawal, the deal used to be known as P5+1 deal, having five permanent members of UN Security Council plus Germany as its signatories.

Read More: US Still Studying On Possible Iran Sanctions Waivers

In May this year, the US President Donald Trump had announced Washington’s withdrawal from the multi-lateral deal. Since then US is working to re-impose its sanctions on Tehran and push the world to cut trade with Iran. First layer of sanctions were imposed in early August while the second layer of tougher sanctions are scheduled to be imposed on November 4.

According to Iranian media reports, the EU has already offered Iran a support package to compensate for the US pullout, which obliges the European Investment Bank to support EU firms willing for trading with Iran.

The participants in the Monday New York meeting have also recognized that “Iran has continued to fully and effectively implement its nuclear-related commitments as confirmed by 12 consecutive reports by the International Atomic Energy Agency (IAEA), and reiterated the need to continue to do so.”

The Participants said they will continue to support the modernization of Iran’s Arak nuclear research reactor as part of the JCPOA and the conversion of the Fordow facility in a nuclear, physics, and technology centre.

Read More: Khamenei: Iran, Russia can jointly contain US

The meeting between the remaining parties to the Iran nuclear deal came after bilateral talks between Zarif and Mogherini, during which the latter said Europe is finalizing its offers to meet Iran’s demands in a bid to save the deal.

Earlier this month, Bahram Qassemi, the spokesman for Iran’s Foreign Ministry had noted that the offers made by Europeans to save the deal had so far failed to meet Tehran’s expectation. However, he said that Tehran was still hopeful Europe could convince it to remain in the deal.

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Asim Munir appointed Pakistan’s first Chief of Defence Forces, to serve 5-year term

Field Marshal Asim Munir has been appointed Pakistan’s first Chief of Defence Forces, consolidating top military authority under a new constitutional amendment.

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Pakistan has named Field Marshal Syed Asim Munir as its first Chief of Defence Forces (CDF), marking a major restructuring in the country’s military command. The appointment was approved by President Asif Ali Zardari following a formal recommendation from Prime Minister Shehbaz Sharif.

Munir to hold dual charge as COAS and CDF

According to the President’s office, Munir will serve concurrently as Chief of the Army Staff (COAS) and Chief of Defence Forces for a five-year tenure. The creation of the CDF role — introduced under the 27th Constitutional Amendment — aims to centralise top-level military authority.

This decision comes after days of speculation due to delays in issuing the official notification, which was originally expected on November 29, the day Munir’s previous three-year term as army chief ended.

Former Indian security official Tilak Devasher had earlier commented to media that the Prime Minister appeared to be avoiding issuing the notification, leading to confusion within Pakistan’s military command structure.

Zardari also approves extension for Air Chief

Alongside Munir’s elevation, President Zardari approved a two-year service extension for Air Chief Marshal Zaheer Ahmad Babar Sidhu, effective from March 2026. The President extended his best wishes to both officers.

Munir, promoted to Field Marshal earlier this year, becomes only the second military officer in Pakistan’s history to hold this rank — the first being Gen. Ayub Khan.

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Imran Khan accuses Asim Munir of mental torture, says sister after rare jail meeting

Imran Khan has alleged “mental torture” inside Adiala Jail, according to his sister who met him after weeks of blocked access. The family claims authorities are withholding information about his condition.

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Former Pakistan Prime Minister Imran Khan has alleged that he is being “mentally tortured” in prison and held General Asim Munir responsible for his continued isolation, according to his sister Dr Uzma Khanum, who met him inside Rawalpindi’s Adiala Jail for 20 minutes.

Sister says Khan “angry” over isolation

Dr Khanum told reporters that her brother is allowed out of his cell only briefly and has no means of communication with the outside world. She said Khan expressed anger over the conditions in which he is being held, stating he remains confined all day with no access to his family or party members.

She also said Imran Khan directly blamed General Asim Munir — now seen as Pakistan’s most powerful authority, having consolidated military control and secured lifetime immunity for top officials — for the treatment he is receiving in custody.

Meeting follows weeks of denied access

The rare meeting came after weeks of barred family visits, which fuelled speculation about Khan’s health. His sisters earlier claimed they were assaulted when they sought permission to meet him, while his sons publicly alleged that jail authorities were concealing “something irreversible” about his condition.

One of his sons, Kasim Khan, told media that despite a court order for weekly family meetings, they had no direct or verified contact.

Family members also said prison authorities repeatedly refused entry to Imran Khan’s personal doctor.

Rumours and protests intensify

Before Tuesday’s meeting, neither his relatives nor his Pakistan Tehreek-e-Insaf colleagues had seen him for over 25 days, triggering widespread rumours of his death — speculation that officials did not counter with proof of life even as pressure mounted on Prime Minister Shehbaz Sharif’s government.

PTI’s Senator Khurram Zeeshan claimed Khan was being kept in isolation to force him into leaving Pakistan and accused authorities of withholding photos or videos due to fears over his influence.

The situation has sparked protests across Islamabad and Rawalpindi, including demonstrations outside the Islamabad High Court.

In jail since August 2023

Imran Khan, the 72-year-old former cricketer and World Cup-winning captain, has been incarcerated since August 2023. Rumours about his wellbeing first circulated from social media accounts in Afghanistan, at a time when both countries have been locked in military tensions over a border dispute.

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Trump pledges permanent pause on migration from Third World countries in Thanksgiving message

US President Donald Trump declared that migration from all Third World countries will be permanently paused, criticising current immigration policies and announcing measures to remove non-citizens who he says do not benefit the US.

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US President Donald Trump has announced that he will “permanently pause migration from all Third World countries”, asserting that the move is necessary for the United States to “recover” and “heal”. His remarks were delivered in a Thanksgiving post, where he sharply criticised the Biden administration’s immigration policies and outlined sweeping measures aimed at restricting migration and removing non-citizens who, he says, do not contribute to the country.

Trump said he intends to reverse what he described as “illegal admissions”, end federal benefits for non-citizens, and strip citizenship from migrants who pose security concerns. He also reiterated plans to deport individuals he considers a “public charge” or “non-compatible with Western Civilization”.

The statement came shortly after two members of the National Guard were shot near the White House, an attack Trump called an “act of terror”.

One National Guard member dies after Washington shooting

Trump confirmed that Specialist Sarah Beckstrom, 20, one of the two West Virginia National Guard soldiers shot near Farragut West Metro station on Wednesday, died of her injuries. The ambush occurred while Trump was in Florida.

The alleged shooter was identified as Rahmanullah Lakanwal, a 29-year-old Afghan national who entered the US in September 2021, according to enforcement officials.

‘Reverse migration’ needed, says Trump

In his post, Trump said his actions aim to significantly reduce “illegal and disruptive populations”, adding that only “reverse migration” can address the current situation. He accused the Biden administration of admitting migrants through an “unauthorized and illegal” approval process.

Concluding his message, he wished Americans a Happy Thanksgiving but added that those who “hate, steal, murder, and destroy” would “not be here for long”.

Attacks on foreign populations and Minnesota officials

Trump also targeted Somali refugees in Minnesota, alleging that gangs from the community are creating fear on the streets. He accused the Minnesota Governor of failing to address the situation due to “fear or incompetence”.

He further criticised Ilhan Omar, accusing her of complaining about the US despite her origins in a “crime ridden” nation.

Comments on America’s foreign-born population

Citing Census estimates, Trump claimed that the US foreign-born population stood at 53 million, alleging that “most are on welfare” or come from “failed nations” or criminal backgrounds. He said American citizens continue to support this population despite personal discomfort.

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