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Shares at PSX shed nearly 200 points on geopolitical tensions

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UK Foreign Secretary David Lammy has urged Israel and Hezbollah to reach an “immediate ceasefire” fo

UK Foreign Secretary David Lammy has urged Israel and Hezbollah to reach an “immediate ceasefire” following a “worrying escalation”, reports. Addressing his Labour party’s annual conference, Lammy said a ceasefire would facilitate “a political settlement, so that Israelis and Lebanese civilians can return to their homes and live in peace and security”. The 27-nation European Union is “extremely concerned” about the escalating violence and is calling for an “urgent” ceasefire, its foreign policy chief Josep Borrell said. A full-blown war “must be averted, including by renewed intense diplomatic mediation efforts”, he added.

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