WASHINGTON: US President Donald Trump is set to address his nation at 9pm (EST) on Wednesday to provide what the White House has described as “an important update on Iran,” fuelling speculation that he may declare an end to the five-week conflict — with or without a negotiated settlement. US media outlets, reporting the announcement, noted that Trump has brushed aside the need for a formal agreement to end hostilities. Speaking to reporters at the White House on Tuesday, he said US forces would likely leave Iran in “two or three weeks.” “We leave because there’s no reason for us to do this,” Trump said. “We’ll be leaving very soon.” In remarks that appeared to redefine the war’s objectives, he suggested that a negotiated settlement was no longer essential. “Iran doesn’t have to make a deal. It’s a new regime. They are much more accessible,” he said, adding that if the war has prevented Iran from developing a nuclear weapon, “then we’ll leave whether we have a deal or not.“ Do...
The Pakistan Stock Exchange’s KSE-100 index climbed by 1,804.59 points during intraday trade on Tuesday after witnessing a meltdown a day earlier. The KSE-100 index climbed by 1,804.59 points, or 1.23 per cent, to stand at 148,647.56 at 12:19pm from the previous close of 146,842.97. On Monday, PSX came under extreme selling pressure, dragging the KSE-100 index below the 145,000 milestone intraday. The benchmark KSE-100 index remained in negative territory from the beginning of trade, hitting an intraday low of 144,656.97, a sharp decline of 7,050.55. It then closed 4,864.54 points lower than the previous session. Ali Najib, Deputy Head of Trading at Arif Habib Ltd (AHL), said that since February 9, it has been the seventh consecutive Monday, excluding March 23, during which the market experienced significant sell-offs, mostly driven by adverse geopolitical developments. Investor participation stayed cautious, keeping overall momentum fragile and contributing to increased vola...