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The Economic Times

Economy / The Economic Times

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Stocks sink, Iran move falters: Pakistan is a high-beta nation

Pakistan's attempt to mediate US-Iran talks and a related stock market rally ended quickly. The country's fortunes are tied to external events, not internal strength. Despite the setback, Pakistan may retain a role in ongoing backchannel diplomacy. Its strategic location and defense ties ensure continued relevance beyond mediation efforts.

13 Apr 2026 9:02 pm