Iran talks delayed due to Muharram, Says Ishaq Dar

Ishaq Dar Says Government Reducing Petroleum Prices, Iran Talks Delayed Due to Muharram

Ishaq Dar Says Government Reducing Petroleum Prices, Iran Talks Delayed Due to Muharram

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has announced that the government is moving towards reducing petroleum product prices, offering potential relief to consumers facing rising living costs.

Speaking informally with journalists, Dar said the government is working on measures related to fuel pricing and indicated that petroleum products would become cheaper. His remarks come as Pakistan continues to monitor global energy markets and domestic economic conditions. Pakistan had already reduced petrol and diesel prices earlier this month, reflecting changes in international oil trends.

During the conversation, the deputy prime minister also discussed ongoing negotiations with Iran. He explained that the second phase of talks had experienced delays due to the observance of Muharram and scheduling issues related to ceremonies in Iran.

According to Dar, the funeral and burial ceremonies for the late Ayatollah Ali Khamenei are scheduled for the first week of July, which has affected the timing of diplomatic engagements. Iranian authorities have announced funeral events beginning on July 4, with burial planned for July 9.

Despite the delay, Dar emphasized that there has been no obstacle or breakdown in negotiations between the two sides. He stressed that the dialogue process remains on track and that both countries remain committed to moving forward with discussions.

The deputy prime minister further stated that once the Iranian president signed the relevant agreement, there was no longer any need for Pakistan’s delegation to proceed to Switzerland. As a result, Pakistani officials who had been present there were instructed to return home.

Dar said both sides are expected to complete the second phase of negotiations within a 60-day timeframe. He expressed confidence that the process would continue smoothly once the current religious and ceremonial commitments conclude.

His comments reflect Pakistan’s continued engagement with regional partners while balancing diplomatic priorities and domestic economic concerns. The expected reduction in petroleum prices is likely to be welcomed by consumers and businesses alike, while progress in talks with Iran could contribute to broader regional cooperation in the months ahead.