Iranian president to arrive in Pakistan on Monday for three-day visit— foreign office 

A handout picture provided by the Iranian presidency shows Iran's President Ebrahim Raisi (R) and Pakistan's Prime Minister Shahbaz Sharif meeting after a ceremony to inaugurate a new border market in the border city in Iran's southeastern border city of Pishin on May 18, 2023. (AFP/File)
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Updated 21 April 2024
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Iranian president to arrive in Pakistan on Monday for three-day visit— foreign office 

  • Iranian president to arrive with his spouse and high-level delegation to discuss bilateral cooperation, says FO
  • Visit an important opportunity for Pakistan and Iran to strengthen ties rooted in history and religion, says FO

ISLAMABAD: Pakistan’s foreign office confirmed on Sunday that Iranian President Ebrahim Raisi will visit the country from Apr. 22-24, describing his trip as an “important opportunity” for both countries to strengthen bilateral ties and enhance cooperation. 

Raisi’s visit takes place days after Iran and Israel exchanged drone and missile strikes, escalating tensions in the already volatile Middle East. 

“President of the Islamic Republic of Iran, Dr. Seyyed Ebrahim Raisi will undertake an official visit to Pakistan from 22 to 24 April 2024,” the foreign office said in a statement. 

“This will be the first visit by any Head of State to Pakistan after the general elections in February 2024.”

Pakistan and Iran are often at odds with each other over instability on their shared border, with both countries routinely trading blame for not rooting out militancy.

Tensions surged in January when Pakistan and Iran exchanged air strikes, both claiming to target alleged militant hideouts in each other’s countries. Both sides have since then undertaken peace overtures and restored bilateral ties. 

Pakistan’s foreign office said Raisi will visit with his spouse and a high-level delegation, comprising Iran’s foreign minister and other cabinet members and a “large” business delegation.

The Iranian president would meet Pakistan’s president, prime minister, Senate chairman, National Assembly speaker and visit Lahore and Karachi where he will meet the provincial leadership of the country. 

“The two sides will have a wide-ranging agenda to further strengthen Pakistan-Iran ties and enhance cooperation in diverse fields including trade, connectivity, energy, agriculture, and people-to-people contacts,” the foreign office said. 

Discussions would also focus on regional and global developments as well as bilateral cooperation to combat “terrorism,” the statement added. 

“Pakistan and Iran enjoy strong bilateral ties anchored in history, culture and religion,” the foreign office said. “This visit provides an important opportunity to further strengthen Pakistan-Iran relations.”


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.