Cairo (CNN) -- Israeli and Palestinian negotiators have agreed to extend the current Gaza cease-fire by 24 hours, Gamal Shobky, the Palestinian Authority ambassador to Egypt, said Monday. An Israeli government official confirmed the extension to CNN. The cease-fire is now set to expire at midnight Tuesday ( 5 p.m. ET). The extension gives negotiators more time to talk about the issues for a lasting peace in Gaza. "There hasn't been any progress at all," Azzam al-Ahmed, the lead Palestinian negotiator, told reporters. Israeli and Palestinian media had reported Monday afternoon that a deal was set to be signed. Israel's Channel 10, quoting Palestinian sources, said the agreement would include the easing of Gaza border restrictions and enlargement of the fishing zone off the Gaza coast.
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NEW: 'There hasn't been any progress,' lead Palestinian negotiator complains
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NEW: Another Palestinian official believes the situation is 'very fragile'
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Indirect talks on a lasting peace deal have been taking place in Cairo
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Israeli negotiators have been told to be steadfast on security, says Israel's PM
He said from Gaza after returning from @placeholder that the Palestinian delegation was united.