Telephonic exchange: Pakistan NSA Asim, Iranian counterpart discuss cooperation
The conversation touched on a range of shared concerns, with both sides expressing interest in strengthening economic engagement and jointly addressing regional security challenges.
Ahmadian stressed that Iran and Pakistan 'will not allow regional peace to be undermined by external players.'
Lt Gen Asim Malik added Iran's 'positive and stabilising role' in the region and reaffirmed Pakistan's readiness to collaborate more closely with Tehran on matters of mutual interest.
The phone call follows a similar exchange last week between the Iranian NSA and his Indian counterpart, suggesting a renewed diplomatic push by Tehran to enhance regional linkages.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
an hour ago
- Business Recorder
Indian jeweller Titan to buy large stake in Dubai's Damas
Titan Company will buy a 67% stake in Dubai-based luxury jeweller Damas at an enterprise value of 1.04 billion dirham ($283.2 million), making it one of the largest Indian jewellers in the Middle East. The Tata Group company expects to complete the deal by January 31, 2026 and will have the right to acquire the remaining 33% stake in Damas after December 31, 2029, it said in an exchange filing on Monday. Titan has had a presence in the UAE since October 2020 through its Tanishq jewellery stores. After the deal, Titan, which has about seven stores in the United Arab Emirates, will gain access to Damas' 146 stores across the six GCC countries – UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. The Middle East is home to a large Indian diaspora, for whom gold is a traditional investment choice. Asia gold: India demand muted despite price correction; buying picks up in China, Singapore Other Indian jewellers in the region include the likes of Kalyan Jewellers, Joy Allukkas and Malabar Gold & Diamonds. Damas, which was previously listed on Nasdaq Dubai, was taken over by Qatar's Mannai Corporation and Egyptian investment bank EFG Hermes in 2012 for $445 million. EFG Hermes sold its entire 19% stake in the jeweller in 2014 to Mannai. Standard Chartered was Titan's advisor for the deal.
Business Recorder
an hour ago
- Business Recorder
India's Eternal revenue gets a quick-commerce boost
Indian online delivery firm Eternal reported a more than 70% rise in quarterly revenue on Monday, as its quick commerce order value surpassed that of its food-delivery business for the first time, boosting earnings. Its shares rose as much as 7.5% to 277 rupees after the results, hitting their highest level since February 3, before closing 5.64% higher. India's booming quick-commerce space has turned into a battleground, with Eternal, Swiggy, and Zepto vying for market share. Eternal's quick commerce platform, Blinkit, which promises everything from salt to iPhones in under 10 minutes, is widely seen as the front-runner by analysts despite growing pressure from players such as BigBasket, Flipkart, and Amazon. The company's food delivery business, Zomato, is its profitable arm and has historically contributed the larger share of revenue, but Blinkit is closing the gap fast. In the June quarter, Blinkit's net order value surged 127% to 92.03 billion rupees ($1.07 billion), overtaking Zomato's for the first time, the company said. That powered a surge in Eternal's revenue from operations to 71.67 billion rupees, compared to 42.06 billion rupees a year earlier. However, its consolidated net profit slumped 90% to 250 million rupees, weighed by higher costs at Blinkit. Quick commerce firms have been burning cash on steep discounts, free deliveries, and rapid expansion of so-called dark stores to stay ahead of rivals. Eternal spent 3.1 billion rupees in capital expenditure to expand Blinkit's store network during the quarter. While its adjusted core profit and quick commerce margins declined year-on-year, they improved sequentially. Eternal said Blinkit's margins have likely 'hit bottom' and could improve if competition doesn't heat up further. 'In fact, even absolute losses should start shrinking from here,' the company said.
Express Tribune
2 hours ago
- Express Tribune
Indian court frees 12 in 2006 Mumbai train bombings
An Indian prisoner, convicted of involvement in the 2006 Mumbai train blasts, looks out from a police van on his way to a special court in Mumbai on September 16, 2015. (AFP/File) An Indian court acquitted on Monday 12 men previously convicted for a series of bomb blasts that ripped through packed commuter trains in Mumbai in 2006 that killed 187 people. The men were convicted in 2015 of murder, conspiracy, and waging war against the country over the attacks during the evening rush hour of July 11, 2006 that also injured more than 800 people. Five were sentenced to death, while the other seven were given life imprisonment. But, 10 years later, the Bombay High Court set aside a lower court's verdict and acquitted the 12 men. Justices Anil Kilor and Shyam Chandak said in their judgment, the prosecution had 'utterly failed to establish the offense beyond the reasonable doubt against the accused on each count.' The men were ordered to be released from jail 'if they are not required to be detained in any other case.' The prosecution can appeal against the order in the Supreme Court. Read: US hosts Pakistan military chief at White House, India responds by warming to China A total of seven blasts ripped through the trains after the bombs, packed into pressure cookers, were placed in bags and hidden under newspapers and umbrellas. Prosecutors said the devices were assembled in Mumbai and deliberately placed in first-class coaches to target the city's wealthy Gujarati community. They said the bombings were intended as revenge for the riots in the western state of Gujarat in 2002, which left some 2,000 people dead, most of them Muslims. Prosecutors accused Pakistan-based militant group Lashkar-e-Taiba of being behind the attacks, although a little-known outfit called the Lashkar-e-Qahhar later claimed responsibility. Pakistan denied the allegations.
