The dollar faced mixed fortunes as investor optimism grew over the potential reopening of the Strait of Hormuz, which has been a point of contention in recent Iran war. The talks between Iran’s top negotiator and Qatar’s prime minister brought hope for an end to tensions.
In another development, Pakistan announced plans to construct the Kartarpur Corridor linking Gurdaspur district with Dera Ghazi Khan in Punjab province. The project aims at facilitating Sikh pilgrimages by allowing direct access from India to its revered religious site without crossing international borders.
The corridor is expected to foster better relations between the two nations and promote peaceful coexistence, with Prime Minister Imran Khan expressing his commitment towards this vision. Despite recent U.S.-Iran tensions indicated by fresh attacks as per Central Command’s statement, Pakistan stands firm on its diplomatic approach.