Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Iran makes hard turn East as fate of nuclear deal dims

byCT Report
14/06/2018
in Latest News
Share on FacebookShare on Twitter

As the fate of the 2015 nuclear deal hangs in a balance, and with Europe wavering in doing business with Iran due to the return of US sanctions, Tehran is making a hard turn East to boost its economy, and counter mounting pressure from Western powers.

On Friday, Iranian President Hassan Rouhani heads to China for an economic and security summit in the coastal city of Qingdao, where he is expected to hold talks with Chinese President Xi Jinping on bilateral relations, and the future of the nuclear deal.

You might also like

LCCI helps reopen sealed factory in Saggian industrial area

19/08/2026

FBR, ICAP jointly organise seminar on filing tax return for TY 2026

19/08/2026

Amid rising anti-Iran sentiments from the West, analysts said, the meeting between Rouhani and Xi presents an opportunity for Tehran to further cement its economic and political ties with Beijing, and for China to reinforce its growing geopolitical influence in the region.

China’s foreign policy mouthpiece, Global Times, reported on Wednesday that Rouhani’s visit will see Iran’s “comprehensive strategic” relationship with China “upgraded to a new level”.

“Unlike the US, China will not break its promise and will ensure that China-Iran relations won’t be affected,” Hua Liming, China’s former ambassador to Iran, told the state-owned publication.

For Iran, a country that prides itself as “Neither Western nor Eastern”, US President Donald Trump’s decision to spurn the nuclear agreement, meant readjusting its policy to tilt ever closer to the East.

“Iran has had to – borrowing the phrase – ‘grin and bear it’ since late 2017, once it was certain that Trump would violate the deal,” Sumitha Narayanan Kutty, a foreign policy and defence expert at Singapore’s S Rajaratnam School of International Studies (RSIS), told Al Jazeera.

For the moment, it seems, Trump’s decision “is indeed pushing Iran Eastward”, added Ali Noorani, an Iranian journalist based in Tokyo, Japan.

Related Stories

LCCI helps reopen sealed factory in Saggian industrial area

byCT Report
19/08/2026

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol visited the Saggian Industrial Area and met...

FBR, ICAP jointly organise seminar on filing tax return for TY 2026

byCT Report
19/08/2026

PESHAWAR: The Federal Board of Revenue (FBR) and the Institute of Chartered Accountants of Pakistan (ICAP), Peshawar Office, jointly organised...

Retailer app launched as government simplifies tax scheme for small traders

byCT Report
19/08/2026

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Wednesday launched a retailer app, saying the government had simplified and made...

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

byCT Report
19/08/2026

ISLAMABAD: Pakistan’s power sector circular debt increased by Rs61 billion during fiscal year 2025-26, reaching Rs1.675 trillion by June 30,...

Next Post

As World Cup kicks off, Russia looks to show the West it's not isolated

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.