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Iran invites Pakistan to participate in Chabahar, connect with Gawadar

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Iran invites Pakistan to participate in Chabahar, connect with Gawadar

Alleys Pak’ concern over India’s role in Iranian port

In its efforts to maintain balance in friendly ties with India and Pakistan, Iran has, on Monday, invited Islamabad to participate in Chabahar sea-port and development of its link with Gawadar port and sought to alley Pakistan’s concern over Indian involvement in the Iranian port.

According to Dawn, Iranian Foreign Minister Dr Javad Zarif, who is on a three-day visit to Pakistan and held meetings with Prime Minister Shahid Khaqan Abbasi and his counterpart Khwaja Asif, invited Pakistan to this effect. He is accompanied with a large trade delegation from Iran.

While delivering a lecture at Institute of Strategic Studies Islamabad (ISSI) Zarif said, “We offered to participate in the China-Pakistan Economic Corridor (CPEC). We have also offered Pakistan and China to participate in Chahbahar.” The lecture was held to commemorate 70th anniversary of diplomatic relations between the two countries.

Dawn observed, “Pakistan had always been concerned about Indian involvement in Chahbahar port. These concerns got amplified after Iran last month signed a lease agreement with India, which would give operational control of the port to the latter”.

Meanwhile, Associated Press of Pakistan (APP), the official news agency said that Prime Minister has said that the two countries should work together and make their utmost efforts for enhancing the bilateral trade to $5bn by 2021.He reaffirmed Pakistan’s desire to enhance mutually beneficial economic cooperation and expressed desire to resolve issues in implementation of Iran-Pakistan pipeline project.

Abbasi said that Pakistan was working towards realising its vision of a peaceful and inter-connected region for shared progress and prosperity. “We believe that a peaceful and stable Afghanistan is vital for economic progress of the region and Pakistan and Iran as the two neighboring countries can make important contribution for achieving this objective,” he remarked.

Dawn reports that PM Abbasi thanked the Iranian leadership for their “steadfast support to the principled struggle of Kashmiris”. This was in obvious reference with Iran’s Supreme Leader Ayatollah Khamenei’s statement in June last year when he clubbed the situation in Bahrain, Kashmir and Yemen saying that the Muslim world must “express their disdain against the oppressors”.

The Iranian foreign minister appreciated the increasing high-level interaction between the two countries and Islamabad’s efforts for strengthening border management.

Iranian Foreign Minister Zarif said that Tehran’s relations with New Delhi are not against Islamabad. He emphasized that both Gwadar and Chahbahar were important projects for development of deprived Eastern and South-eastern Iran and South Western Pakistan and said that both needed to be linked through sea and land routes for effecting their complementarities.

Zarif clearly said, “We are taking measures to do that and there is an open invitation to Pakistan to participate in that.” He further clarified that Chahbahar port project was not meant to “encircle Pakistan … strangulate anybody”. He twice said Iran would not allow anybody to hurt Pakistan from its territory much like Pakistan would not allow its soil to be used against Iran.

Equating Iran’s relations with India to Pakistan’s ties with Saudi Arabia Iran’s foreign minister said, “Our relations with India, just like Pakistan’s relations with Saudi Arabia, are not against Pakistan as we understand Pakistan’s relations with Saudi Arabia are not against Iran.”  Observers believe that Iranian official expressed his country’s concern  over Pakistan ties with Saudi Arabia in a crafty and skilful manner.

Dr Zarif also described his vision for better ties with Pakistan including the realisation of long delayed Iran-Pakistan gas pipeline, establishment of banking ties, signing a Free Trade Agreement (FTA) and making Gawadar and Chahbahar ports complementary.

The gas pipeline was originally proposed to originate from Iran and supply gas to Pakistan and India under Iran-Pakistan-India (IPI) project. India had expressed concern over the security of the pipeline passing through Pakistan following US pressure to desist from realizing the dream project.

Iran had called the project as “peace pipeline” and assured the safe delivery of the gas at India-Pakistan border connecting Sind-Rajasthan provinces. Later, Pakistan has also not built the required pipeline in its territory. However, Iran has completed the laying of the pipeline till its border with Pakistan.

Former US Secretary of State Condoleezza Rice had threatened that Washington would consider the implementation of IPI gas pipeline project as if Tehran’s alleged nuclear program was being promoted by the partner countries.

In April 2017, the State Bank of Pakistan had signed a Banking and Payment Arrangement (BPA) with Iran’s central bank, Bank Markazi Jomhouri Islami Iran (BMJII) for providing a trade settlement mechanism to promote bilateral trade.  But due to lack of interest or obvious pressure this arrangement could not be implemented.

Dawn further reports that similarly, there is a consensus that IP gas project is beneficial for Pakistan’s economy, but still it is frozen on the Pakistani end due to external and internal factors.

Meanwhile the statement issued by the foreign office after meeting between the two foreign ministers said: “The two sides agreed to continue engagement for enhancing economic cooperation, including bilateral trade, investments and commercial interaction to promote shared prosperity … addressing tariff and non-tariff barriers” in addition to concluding FTA on priority.

“The Foreign Ministers underlined that as two brotherly neighboring countries Iran and Pakistan would deepen connectivity between the two sister ports of Gawadar and Chahbahar to benefit from their complementarities,” the statement added.

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Pakistan hit by 5.5-magnitude earthquake, no casualties or damage reported

A 5.5-magnitude earthquake jolted Pakistan on Friday, with authorities reporting no immediate casualties or significant damage.

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earthquake-tremors

A magnitude 5.5 earthquake struck Pakistan on Friday, sending tremors across several parts of the country. However, authorities said there were no immediate reports of casualties or significant property damage.

According to seismic monitoring agencies, the earthquake was recorded at a considerable depth, which may have reduced the impact on the surface. Residents in several cities reported feeling the tremors, prompting many to move outdoors as a precaution.

Emergency and disaster management authorities began assessing the situation soon after the quake. Initial assessments indicated that no major damage to infrastructure or loss of life had been reported. Officials continue to monitor the situation for possible aftershocks.

Pakistan lies in a seismically active region due to the interaction of the Indian and Eurasian tectonic plates, making earthquakes a frequent occurrence in several parts of the country.

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Twin earthquakes strike Venezuela within 39 seconds, triggering panic in Caracas

Venezuela witnessed two powerful earthquakes within 39 seconds, triggering panic in Caracas, damaging infrastructure and leading authorities to declare a state of emergency.

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Two powerful earthquakes struck Venezuela within just 39 seconds, causing widespread panic, damaging buildings and disrupting key infrastructure in and around the capital, Caracas.

According to the United States Geological Survey (USGS), the first earthquake measured magnitude 7.2 and struck on Wednesday evening near the coastal town of Moron. Just 39 seconds later, a stronger 7.5-magnitude tremor hit roughly 45 kilometres away, creating what seismologists described as a “doublet” earthquake sequence.

The back-to-back quakes sent residents rushing into the streets as buildings shook violently across Caracas. Several structures suffered severe damage, with reports of building collapses in parts of the capital. Rescue workers were deployed to search through rubble while emergency teams assessed the extent of the destruction.

Visuals shared on social media showed scenes of chaos at Simon Bolivar International Airport, where parts of the terminal roof reportedly collapsed, filling sections of the facility with dust and smoke. Passengers were seen evacuating the airport as power flickered during the tremors. Authorities later announced the closure of the airport because of significant damage.

More than 20 aftershocks were recorded following the twin earthquakes, raising concerns about additional structural damage. The USGS warned that the disaster could result in significant casualties and economic losses, while landslides were also reported in affected areas.

Venezuela’s interim president Delcy Rodriguez declared a state of emergency following the earthquakes and urged citizens to remain cautious as emergency response efforts continued. Opposition leader Maria Corina Machado also expressed solidarity with those affected by the disaster.

The earthquakes are being described as among the strongest to strike Venezuela in more than a century. Authorities continue to assess the full scale of the damage and search for possible victims trapped beneath collapsed structures.

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London court orders Nirav Modi to pay Bank of India over $11.5 million in loan guarantee case

A London court has ruled that fugitive businessman Nirav Modi must pay Bank of India more than $11.5 million, including interest, in a loan guarantee dispute.

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Fugitive diamond merchant Nirav Modi has been ordered by a London court to pay Bank of India more than $11.5 million, including accrued interest, in connection with a personal guarantee linked to a loan extended to one of his Dubai-based firms.

In a significant ruling delivered by the London Circuit Commercial Court, Justice Simon Tinkler held that Modi remained liable under the personal guarantee issued for a loan granted to Firestar Diamond FZE, a Dubai-incorporated company associated with him. The court rejected Modi’s challenge to the enforceability of the guarantee.

The court examined whether Modi had been properly served with a demand notice, whether the demand related to a liability owed to the bank, and whether the personal guarantee was legally enforceable. Justice Tinkler ruled in favour of Bank of India on all three issues.

According to the judgment, Modi is liable for the principal outstanding amount of $4.1 million. After adding accumulated interest, the total payable amount has risen to an estimated $11.5 million as of March 2026, with additional interest continuing to accrue.

The public sector lender has been pursuing recovery proceedings against Modi since 2018, following the emergence of allegations involving companies linked to the businessman. Modi, who has largely represented himself in the proceedings, is currently lodged in a UK prison while contesting his extradition to India in a separate Punjab National Bank fraud and money laundering case.

Law firm Fladgate LLP, representing Bank of India, clarified after the verdict that the proceedings were strictly related to a commercial banking recovery claim and did not deal with the wider allegations connected to the Punjab National Bank fraud case.

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