DUBAI/PESHAWAR: Taliban chief spokesman Zabihullah Mujahid on Friday called on members of the Organization of Islamic Cooperation to recognize the Afghan Taliban’s government during an upcoming meeting in neighboring Pakistan.
Pakistan will be hosting an ‘extraordinary’ session of the OIC Council of Foreign Ministers on December 19 to draw the attention of the international community to the growing humanitarian crisis in Afghanistan, its foreign ministry announced earlier this week. The meeting will include delegations from the European Union. United States, Britain, France, Russia and China are also invited.
Pakistan has said the meeting will focus on drawing attention to the humanitarian crisis facing Afghanistan and not on according recognition to the Taliban.
Afghanistan faces an acute economic and humanitarian crisis since billions of dollars’ worth of international aid was abruptly cut following the Taliban takeover of the country on August 15 and the US froze some $9.5 billion in Afghan central bank assets.
While no country has recognized the Taliban government yet, senior officials from a number of countries have met with the movement’s leadership both in Kabul and abroad.
“We want good relations with the OIC countries, and we ask the upcoming meeting to support us, and to recognize the government of the Islamic Emirates of Afghanistan,” Mujahid told Arab News. “We are their brother, and they should support us and recognize the Afghan government. We need their recognition, support and cooperation.”
The Taliban took over Afghanistan when US-led foreign troops withdrew after 20 years of military presence earlier this year, prompting the previous Western-backed government to flee. The Taliban claimed near total control of the country in August, with the last enclave of opposition, led by the National Resistance Front of Afghanistan, remaining in the mountainous northern region of Panjshir Valley until mid-September.
Members of NRFA leadership left for neighboring Tajikistan shortly after the Taliban took over Panjshir.
“Instead of living in Tajikistan and Europe and speaking from there about a resistance that does not exist in Afghanistan, we ask them, instead, return to Kabul and live with us as brothers,” Mujahid said. “Afghanistan is peaceful now, and under our control, but we want to talk to all Afghans.”
Taliban call on OIC to recognize government during upcoming Pakistan meeting
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Taliban call on OIC to recognize government during upcoming Pakistan meeting
- Islamabad will host ‘extraordinary’ session of OIC Council of Foreign Ministers on December 19
- Taliban spokesperson asks leadership of Afghan opposition forces to return to the country
Pakistani firms sign $13 million contracts at first Pakistan-Bahrain investment summit
- Around 25 Pakistani companies, over 125 delegates took part in day-long summit on May 17
- Pakistani companies represented IT, stock exchange, tourism and other sectors, says organizer
ISLAMABAD: Pakistani companies signed contracts worth over $13 million related to various investment projects at the first edition of the Pakistan-Bahrain Investment Summit last week, the chief organizer of the event said on Monday.
The day-long event titled ‘Pakistan-Bahrain Investment Opportunities Summit and Smart Expo,’ organized by the Pakistan Association of Exhibition Industry (PAEI) with the Pakistani embassy in Bahrain, was held in Manama on May 17.
Over 125 Pakistani delegates showcased investment-ready projects across various sectors, attracting strong interest from the overseas Pakistani community and business leaders from Bahrain.
“The event was truly remarkable, featuring 25 Pakistani companies and more than 125 delegates where in just one day, contracts worth $13 million were signed across various investment projects in different sectors,” Mohammad Khurshid Barlas, PAEI founder, told Arab News over the phone from Bahrain.
“This figure is expected to increase further as many leads generated during the event are currently in follow-up stages and likely to mature soon,” he added.
Barlas said the participating Pakistani companies and delegates represented various sectors such as information technology, stock exchange, tourism, human resource services and real estate.
“Throughout the day the event was attended by more than 20,000 delegates from the Pakistani community and business leaders and representatives from Bahrain,” Barlas disclosed.
During the summit, he said discussions focused on a wide range of topics including the stock exchange, capital markets, overseas employment, real estate and tourism.
“The event is expected to significantly boost trade with Bahrain and attract further investment into Pakistan,” Barlas said.
Pakistan’s Ambassador to Bahrain Saqib Rauf said the event marks the beginning of “a promising series of engagements we plan to organize in Bahrain.”
“We are in continuous dialogue with the business communities of both countries and envision future events to focus on specific sectors of mutual interest,” he said.
“Our goal is to foster synergies between businesses and deepen trade and investment ties, paving the way for a stronger and more dynamic partnership between our nations.”
Zahid Latif Khan, chairman of ZLK Islamic Financial Services, a premier brokerage and financial services provider at the Pakistan Stock Exchange, said the event provided an excellent opportunity to engage with businesses from across the Middle East.
“People in the region are viewing Pakistan from a very positive perspective as we witnessed a renewed sense of hope and enthusiasm for doing business and trade with Pakistan,” Khan told Arab News.
Latif said he also highlighted the vast potential of the Pakistan Stock Exchange, which drew strong interest from business leaders in Bahrain.
“As the founder of the first Islamic brokerage house in Pakistan, I met with representatives from Bahrain’s Central Bank who were also present at the conference and their response was very encouraging, and I look forward to exploring further opportunities,” Latif added.
According to Pakistan’s foreign office, Pakistan’s trade with Bahrain ranges between $500 million and $1 billion. Major exports include meat, vegetables, rice, tobacco and textiles.
Imports from Bahrain include petroleum and its products, ferrous waste, scrap and aluminum.
The investment summit takes place amid Islamabad’s efforts to increase foreign trade and investment with its allies, especially the Gulf estates, as it hopes to recover from an economic crisis.
Pakistan formed the Special Investment Facilitation Council (SIFC) in June 2023 to attract international investment in key economic sectors such as mines, minerals, agriculture, livestock and tourism.
Pakistan stock market sees ‘slower’ activity as investors remain cautious before budget
- KSE-100 index surges 40.49 points or by 0.03 percent to reach 119,689.63 points
- Pakistan is set to unveil its federal budget for the upcoming fiscal year 2025–26 in June
ISLAMABAD: The Pakistan Stock Exchange (PSX) surged by only 0.03 percent when trading ended on Monday, with a financial analyst attributing it to “slower trading activity” as investors remain cautious ahead of the upcoming federal budget to be announced by the government.
Pakistan’s federal budget for the next fiscal year, starting July, will be finalized within the next three weeks. Pakistan’s scheduled budget talks with the International Monetary Fund (IMF), which began on May 14 are scheduled to take place till May 23, the finance ministry had said.
The KSE-100 index surged by 40.49 points or 0.03 percent to reach 119,689.63 points when the market closed at 4 p.m. on Monday, data from the Pakistan Stock Exchange (PSX) said.
“The KSE100 has started the week on a muted note, which is reflecting in slower trading activity,” Raza Jafri, head of Intermarket Securities, told Arab News.
“It is possible that investors are waiting for the FY26 Budget, expected in early June, before they become more active.”
Pakistan’s stock market suffered an upheaval triggered by the most intense military row between Pakistan and India in years earlier this month. The two nuclear-armed nations agreed to a US-brokered ceasefire on May 10 after pounding each other with missiles, drones, artillery and fighter jets for four days.
The crisis triggered a 12 percent decline in the Pakistani stock market from April 23 till May 8.
However, the market recovered nearly all of its losses last week, climbing more than 3,500 points.
Fire erupts in Islamabad’s Margalla Hills, containment efforts underway
- The blaze erupted near Saidpur Darra, Jungle Number 15 and Rumli areas
- Over 70 firefighters are participating in the operation to put out the blaze
ISLAMABAD: A wildfire erupted in the Margalla Hills in the Pakistani capital of Islamabad on Monday, the Islamabad district administration said, with efforts underway to put out the blaze.
The Margalla range, part of the Himalayan foothills, often experiences bushfires in the summer months. Last year, several incidents of forest fire were reported at the hills as various parts of the country remained in the grip of intense heatwaves.
On Monday, a fire broke out near Saidpur Darra, Jungle Number 15 and Rumli areas on the hills, prompting an immediate response from the Capital Development Authority’s (CDA) fire brigade and officials of the district administration.
“More than 70 firefighters are participating in the operation to control the fire,” the district administration said in a statement.
“The fire was brought under control once, but it broke out again.”
No casualties or property damage have been reported in the wake of the fire, according to authorities.
The cause of the fire has yet to be determined.
“The fire will be brought under control again soon,” the district administration added.
Death toll from IED blast in Pakistan’s southwest rises to four
- Pakistan has been battling a separatist insurgency in Balochistan for decades
- The attack comes days after four paramilitary troops were killed in the province
QUETTA: At least four people have been killed and 12 others wounded in a bomb blast in Pakistan’s turbulent southwestern province of Balochistan, a security official said Monday.
An improvised explosive device (IED) was planted in a parked car in Killa Abdullah district of Balochistan, less than 100 kilometers (60 miles) from the provincial capital of Quetta.
“It seems the IED exploded before reaching its intended destination,” a local security official, Ghulab Khan, told AFP.
“All those killed are civilian passersby,” he added.
Riaz Khan Dawar, a senior local government official, confirmed the details to AFP, adding the explosion took place close to a paramilitary compound on Sunday evening.
Pakistan has been battling a separatist insurgency in Balochistan for decades, where militants target state forces, foreign nationals, and non-locals in the mineral-rich southwestern province bordering Afghanistan and Iran.
The attack came days after four paramilitary troops were killed in the province.
The Baloch Liberation Army (BLA) is the most active group in the region and often carries out deadly attacks against security forces, but the local chapter of Daesh and the Pakistani Taliban have also claimed recent attacks.
Pakistan has witnessed a sharp rise in violence in its regions bordering Afghanistan since the Taliban returned to power in Kabul in 2021, with Islamabad accusing its western neighbor of allowing its soil to be used for attacks against Pakistan — a claim the Taliban deny.
In Balochistan, separatist violence has intensified, including a March attack by ethnic Baloch militants on a train carrying 450 passengers, which sparked a two-day siege and left dozens dead.
More than 241 people, mostly security officials, have been killed in attacks since the start of the year by armed groups fighting the government in both Khyber Pakhtunkhwa and Balochistan, according to an AFP tally.
‘Brothers forever’: Pakistani military acknowledges Saudi role in truce with India
- Pakistan and India this month traded missile, drone and artillery strikes over an attack in Indian-administered Kashmir
- The conflict alarmed world leaders and friendly nations, with a Saudi minister traveling to New Delhi and Islamabad
ISLAMABAD: Pakistan’s military spokesman, Lt. Gen. Ahmed Sharif Chaudhry, has acknowledged Saudi Arabia’s role in helping secure a ceasefire with India, after the nuclear-armed neighbors exchanged heavy cross-border fire this month.
India on May 7 launched a series of strikes across the Line of Control — the de facto border that separates the Indian-controlled and Pakistani-controlled parts of Kashmir. It also hit other sites on the Pakistani mainland, targeting what it claimed were militant positions.
Pakistan retaliated with strikes on Indian military targets before the ceasefire took effect on May 10, following efforts by world powers and friendly nations, including Saudi Arabia, to quickly de-escalate the conflict.
The Kingdom’s role in mediation was “very positive and wonderful,” Lt. Gen. Chaudhry told Arab News.
Pakistan and India have fought multiple wars since their independence from British rule in 1947. Two of the wars were over the disputed region of Kashmir, which both claim in full but rule in part.
The recent escalation came days after New Delhi blamed Pakistan for a deadly attack on tourists in Indian-administered Kashmir — Islamabad denied any involvement.
As the neighbors exchanged fire, Saudi Minister of State for Foreign Affairs Adel Al-Jubeir visited both New Delhi and Islamabad. The May 10 truce was reached shortly afterward.
Saudi Arabia and Pakistan share close diplomatic and strategic relations, and the Kingdom has provided significant support to Pakistan during its prolonged economic challenges in recent years.
“The bond between the people of Pakistan and the people of Saudi Arabia is very strong, and we in the armed forces have a very close bond with the Kingdom of Saudi Arabia. And this is a relationship that is based on respect,” Lt. Gen. Chaudhry said.
“Saudis are our brothers, brothers forever.”
