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U.S., Iran sign Islamabad MoU, agreement takes immediate effect: Pakistani PM

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U.S., Iran sign Islamabad MoU, agreement takes immediate effect: Pakistani PM

2026-06-18 13:06 Last Updated At:15:37

Pakistani Prime Minister Shehbaz Sharif said on Thursday that a Memorandum of Understanding (MoU) between the United States and Iran has been electronically signed by the leaders of both countries and has entered into force with immediate effect.

In a post on social media platform X, Sharif said the memorandum was signed by the presidents of the United States and Iran and endorsed by him in his role as mediator.

The Islamabad MoU stipulates that Iran will immediately reopen the Strait of Hormuz, while the United States will lift its naval blockade as an initial step following the agreement's implementation, Sharif added.

The signing of this agreement at the highest level of the respective governments demonstrates the commitment of both sides to a diplomatic resolution of the conflict, Sharif said.

Pakistan, with the support of co-mediator Qatar, will host an official ceremony in Switzerland on Friday to commemorate the agreement and launch technical-level talks between the two sides, Sharif added.

Sharif also acknowledged the constructive engagement of the leadership of Qatar and commended the contributions of Saudi Arabia, Türkiye and Egypt in facilitating the agreement.

He expressed hope that the memorandum would serve as "an enduring foundation for greater understanding, mutual respect and shared prosperity for the complete region."

U.S., Iran sign Islamabad MoU, agreement takes immediate effect: Pakistani PM

U.S., Iran sign Islamabad MoU, agreement takes immediate effect: Pakistani PM

The three-day Qingdao Multinationals Summit concluded in Qingdao City, east China's Shandong Province, on Wednesday, with 57 key projects signed during the event.

The summit, in its 7th edition this year, featured multiple activities focusing on future industries, opening-up of service sector, and international economic and trade cooperation. Among the 57 signed projects, there were 20 invested by foreign entities, nine in the field foreign trade, and 15 related to modern services.

Centered on the theme "Multinationals and China: Advancing with the 15th Five-Year Plan for Innovation and Future", the summit attracted 357 Fortune Global 500 companies and leading enterprises from 44 countries and regions.

Expanding the opening-up of the services sector dominated the discussion at this year's summit, with representatives from government, business sector, and academia engaging in in-depth exchanges on policy measures and pilot programs in this regard.

57 key projects signed at 7th Qingdao Multinationals Summit

57 key projects signed at 7th Qingdao Multinationals Summit

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