BEIRUT: The Lebanese government will resume negotiations with the International Monetary Fund while beginning reforms demanded by donors, according to a draft policy program that aims to tackle one of the worst financial meltdowns in history.
New Prime Minister Najib Mikati’s government will also resume negotiations with creditors over a restructuring of public debt on which Lebanon defaulted last year, the draft seen by Reuters on Wednesday said.
The government was agreed on Friday after more than a year of political conflict over seats in cabinet that left the country rudderless as more than three-quarters of the population fell into poverty and shortages crippled normal life.
The cabinet is due to meet on Thursday to approve the draft, which will then go to a vote of confidence in parliament.
Underscoring the gravity of the situation, the policy program was drawn up in a matter of days, much faster than the weeks the process has taken in the past.
The draft said the government was committed to resuming talks with the IMF for a short- and medium-term support plan.
Donors want to see Lebanon enact reforms, including measures to tackle the corruption and graft that led to the economic collapse, before they will unlock billions of dollars of assistance already earmarked for the country.
Talks with the IMF broke down last summer when Lebanon’s political elite and banking sector objected to the scale of financial losses set out in a recovery plan drawn up by the previous government.
The draft program said the Mikati government would renew and develop the previous financial recovery plan, which set out a shortfall in the financial system of some $90 billion — a figure endorsed by the IMF.
The government will also draw up a plan to “correct the situation of (the) banking sector,” which has been paralyzed since late 2019, the draft said.
Lebanon’s financial system unraveled in late 2019.
The root cause was decades of profligate spending by the state and the unsustainable way in which it was financed.
As dollars dried up, depositors were frozen out of their accounts. The value of hard currency savings has plummeted by up to 80 percent since then, with the Lebanese pound collapsing by 90 percent from a peg that had existed for more than two decades.
The program draft said the government was committed to all the articles set out in a reform initiative drawn up by France, which has been at the forefront of efforts to help Lebanon.
The government will work with parliament to pass a capital control law, the draft document said.
It also said parliamentary elections due next spring would be held on time.
Lebanon to resume IMF talks, begin reforms, draft policy statement says
https://arab.news/ve2q8
Lebanon to resume IMF talks, begin reforms, draft policy statement says

- New government will also resume negotiations with creditors over a restructuring of public debt
- The draft said the government was committed to resuming talks with the IMF for a short- and medium-term support plan
Pakistan urges Iran, US to resolve differences through diplomacy following talks in Oman

- The indirect discussions between the two states on April 12 marked their first engagement since 2017
- The talks have come against the backdrop of Israel’s military engagements in Gaza, Syria and Lebanon
ISLAMABAD: Pakistan on Sunday welcomed recent talks between Iran and the United States in Muscat, the capital of Oman, urging both sides to resolve longstanding differences through dialogue and diplomacy.
The indirect discussions, held on April 12 under Omani mediation, marked the first engagement between the two countries since 2017 and focused on reducing tensions over Iran’s nuclear program, among other issues.
Both sides described the talks as constructive and agreed to continue the dialogue.
“Pakistan welcomes the talks between the Islamic Republic of Iran and the United States of America that were held on 12 April 2025 in Muscat under the good offices of Oman,” the foreign office said in a statement.
“Pakistan considers that dialogue and diplomacy will promote peace and stability in the region and advance the objective of resolution of differences and disputes on the basis of negotiations and mutual respect,” it added. “We encourage the parties to continue to follow this path.”
Iranian Foreign Minister Abbas Araghchi and US Special Envoy for the Middle East Steve Witkoff led their respective delegations. While the talks were primarily indirect, reports indicated that the two officials briefly spoke face-to-face, signaling a possible thaw in relations.
Iran has insisted its missile defense program remains non-negotiable, while the US has maintained its “maximum pressure” campaign, demanding that Iran not weaponize its nuclear capability.
Relations between the US and Iran have been fraught since the 1979 Islamic Revolution, and the two nations have had no formal diplomatic ties since 1980.
Tensions escalated after the US withdrew from the 2015 nuclear deal in 2018. The recent talks in Muscat have come against the backdrop of Israel’s military engagements in the Occupied Palestinian Territories, as well as Syria and Lebanon.
Last year, Iran and Israel also launched missile and drone strikes, marking their first direct military confrontation.
Pakistan seeks Iran’s help to probe killing of eight nationals in Sistan-Baluchistan

- The attack was claimed by Baloch separatists from Pakistan’s restive southwestern province
- Iranian embassy in Pakistan condemned the incident, calling for joint efforts to combat ‘terrorism’
ISLAMABAD: Pakistan said on Sunday it hoped for full Iranian cooperation to investigate the killing of eight of its nationals in Sistan-Baluchistan province and was working to ensure the prompt repatriation of the victims’ bodies.
The news of the killings emerged in Pakistani media on Saturday evening, though the federal authorities initially remained silent.
Later at night, the foreign office confirmed the development in response to media queries, saying its officials were in contact with Iranian authorities and would comment once details were confirmed.
Separately, Prime Minister Shehbaz Sharif expressed grief over the attack, which was claimed by a Baloch separatist group, and voiced concern that the incident had occurred on Iranian soil.
“Eight Pakistani nationals were tragically killed yesterday in Mehrestan County, Sistan-Baluchistan province, located approximately 230 kilometers from the Pakistan-Iran border,” the foreign office said in a statement. “Our Mission has already requested consular access to verify their identities.”
“Pakistan strongly condemns the inhumane and cowardly killing of its nationals in Iran,” it continued. “We hope for Iranian side’s full cooperation in investigating the matter and timely repatriation of victims’ remains.”
The foreign office said the country’s embassy in Tehran and consulate in Zahedan were in constant touch with Iranian authorities to ensure a comprehensive investigation and swift transfer of the bodies.
A day earlier, Afghanistan’s Khaama Press News Agency reported the victims were all auto mechanics.
Thousands of Pakistanis, mostly from underprivileged backgrounds, regularly cross into Iran for informal work in industries such as auto repair, agriculture and construction.
The Balochistan National Army (BNA), a separatist group from Pakistan’s southwestern region, claimed responsibility for the killings, alleging that the victims were affiliated with Pakistan’s premier intelligence agency.
Balochistan, a resource-rich but restive province of Pakistan bordering Iran and Afghanistan, has witnessed a low-level insurgency for nearly two decades.
Baloch militant groups accuse the central government of exploiting local resources while neglecting the population. Islamabad denies the allegations and says it is committed to regional development.
On Saturday night, the Pakistani premier called on the Iranian government to investigate the attack thoroughly and publicly share its findings.
“Terrorism is a scourge that is devastating for all countries in the region,” he said, urging regional states to adopt a coordinated strategy to root out militancy.
The Iranian embassy in Islamabad also condemned the killings earlier today and emphasized the need for joint efforts to combat terrorism.
“Combating this ominous phenomenon requires collective and joint efforts by all countries to eradicate all forms of terrorism and extremism that have claimed the lives of thousands of innocent people in recent decades,” it said.
The incident echoes a similar attack in January 2023, when nine Pakistani laborers were killed and three others critically injured in Saravan, another city in Iran’s southeastern region. Those victims were also reportedly employed at an auto repair shop.
That attack had taken place at a time when Pakistan and Iran were seeking to normalize ties following tit-for-tat missile and drone strikes.
Lebanese PM to visit Syria, discuss disappearance of prisoners

- Nawaf Salam lays wreath at Martyrs’ Monument in Beirut to commemorate 50th anniversary of Lebanese Civil War
LONDON: Lebanon’s Prime Minister Nawaf Salam is scheduled to visit the Syrian Arab Republic on Monday to discuss common interests with the new leadership in Damascus.
It will be Salam’s first visit to Syria since he formed a government in February, and he is scheduled to discuss the issue of Lebanese citizens who disappeared in Syrian prisons during the Bashar Assad regime that collapsed in December. It has been reported that 622 Lebanese nationals remain forcibly disappeared in Syrian prisons.
“I hope to return with good news about those missing in Syria, and I will update the Lebanese people on this issue tomorrow,” Salam said, according to the National News Agency.
Salam laid a wreath at the Martyrs’ Monument in Beirut on Sunday to commemorate the anniversary of April 13, the date when Lebanon’s Civil War began in 1975.
Salam wrote on X: “We pause not to reopen wounds, but to recall lessons that must never be forgotten. All victories were false, and all parties (from the war) emerged as losers.”
He added: “There can be no true state unless legitimate armed forces have the exclusive right to bear arms.”
Aid worker missing after deadly attack on colleagues is held by Israel, ICRC says

- PRCS demanded the immediate release of Nsasrah, who it said was “forcibly abducted” while carrying out humanitarian duties
CAIRO: A Palestinian Red Crescent staff member who went missing in late March when 15 humanitarian workers were killed by Israeli fire is being detained by Israeli authorities, the rescue service and the Red Cross said on Sunday.
Hisham Mhana, the spokesperson for the ICRC in Gaza, confirmed to Reuters that it had received information that the Palestine Red Crescent Society paramedic Assad Al-Nsasrah was being held in an Israeli place of detention.
“As per standard practice, we informed the families immediately. In this case, we also informed the Palestine Red Crescent Society as they have special standing as a partner of the International Red Cross and Red Crescent Movement,” he said.
The Israeli army did not immediately comment.
Mhana said the ICRC has not been granted access to Nsasrah, who until Sunday had been declared missing, and also has not been able to visit any of the Palestinian detainees and prisoners in Israeli jails since October 7, 2023.
In a post on X, The PRCS demanded the immediate release of Nsasrah, who it said was “forcibly abducted” while carrying out humanitarian duties.
It added that Nsasrah and his colleagues came under heavy gunfire, which led to the killing of eight of them in a “grave violation” of international humanitarian law.
The bodies of 15 emergency and aid workers from the Red Crescent, the Civil Emergency Service and the UN were found buried in a mass grave in southern Gaza in March.
The UN and the Red Crescent accused Israeli forces of killing them after they were dispatched to respond to reports of injuries from Israeli airstrikes.
The Israeli military referred Reuters to its statement from Monday, in which it said that a thorough inquiry into the incident was still underway and that it would provide further details only once the investigation is complete.
It said that a preliminary inquiry indicated that “the troops opened fire due to a perceived threat following a previous encounter in the area, and that six of the individuals killed in the incident were identified as Hamas terrorists.”
The Israeli military has provided no evidence of how it determined that the six were Hamas militants, and the Islamist faction has rejected the accusation.
The only known survivor of the incident, PRCS paramedic Munther Abed, said soldiers had opened fire on clearly marked emergency response vehicles.
Saudi Arabia eyes $31.6bn space economy as sector gains momentum

RIYADH: Saudi Arabia’s space economy reached $8.7 billion in 2024 and is expected to grow to $31.6 billion by 2035, according to a new study.
The Space Market Report 2025, released by the Communications, Space and Technology Commission, stated that the growth encompasses all value-added activities and industries derived from technologies and services, with a projected compound annual growth rate of 12 percent.
The Kingdom’s space market—focused on commercial services and infrastructure—was valued at $1.9 billion in 2024 and is forecast to reach $5.6 billion by 2035, supported by increased investment in technologies and infrastructure.
The report aims to chart the growth trajectory of the domestic and global space sectors, while also supporting market development, enhancing competitiveness, and identifying investment opportunities.
CST Gov. Mohammad Al-Tamimi stated that the strong support from wise leadership is accelerating investment, infrastructure development, and the enabling of national talents.
He added that these efforts contribute to the goals of Saudi Vision 2030 and aim to establish a competitive, sustainable space economy both regionally and internationally.
Al-Tamimi also said the analysis is part of CST’s continued work to support the space sector as a new economic driver, contributing to the Kingdom’s global standing in technology and innovation.
He described the publication as a valuable resource for decision-makers, investors, and entrepreneurs to understand future trends and promising growth opportunities in the sector.
The study highlights several movements shaping the space industry, including the growth of Earth observation data analysis, infrastructure services, integrated communications systems, and advanced sensing technologies.
It also notes the increasing development and deployment of small satellites and the expanding role of the private sector in both local and international space markets.
Globally, the space economy is projected to grow from $687 billion in 2024 to $1.8 trillion by 2035, representing a CAGR of 9 percent.
The global space market is forecast to increase from $176 billion to $377 billion in the same period, with a CAGR of 7 percent.