dar vows stronger
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Dar vows stronger, peaceful and prosperous Pakista…

Deputy Prime Minister and Foreign Minister Ishaq Dar has stressed the need to implement the Islamabad Memorandum of Understanding (MoU) in accordance with its spirit and text.

Dar said dialogue and diplomacy are the only practical ways to resolve outstanding issues. He said Pakistan has always supported peace, negotiations, cooperation and mutual respect among nations.

The foreign minister said developments during the past year had once again highlighted the urgent need to settle longstanding disputes peacefully. He said unresolved disputes remain a major challenge to regional peace and stability.

Dar particularly highlighted the Jammu and Kashmir dispute. He described the issue as one of the key causes of instability in the region. He reaffirmed Pakistan’s continued moral, political and diplomatic support for the Kashmiri people.

He said Pakistan would continue supporting the Kashmiri people in their struggle for their rights. He also stressed the importance of resolving disputes through peaceful dialogue and diplomatic engagement.

Dar paid tribute to the people serving Pakistan and confronting threats from its enemies. He said these threats exist both inside and outside the country. He added that the nation stands united with those working to protect the country.

The foreign minister expressed gratitude for the sacrifices made by security personnel and other individuals serving the national interest. He said their services and sacrifices would always be remembered.

Dar also called for stronger national institutions. He urged the people to maintain national unity and work together for the country’s progress.

He stressed the need to fully utilise the abilities and potential of Pakistan’s people. He said collective efforts were essential to building a strong and prosperous future.

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    Man arrested after alleged sexual assault of woman…

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    PSX rallies over 5,000 points as regional tensions…

    The Pakistan Stock Exchange started the week with a strong rally on Monday. The benchmark KSE-100 Index gained more than 5,000 points during intraday trading. The sharp rise came as investors welcomed the pause in fighting between the United States and Iran. The index opened with strong buying activity. By 9:50am, it had risen 4,501 points to reach 175,522.53 points. The previous close was 171,021.20 points. The upward movement continued during the morning session. By 10:30am, the index had gained 5,069 points and reached 176,090.08 points. The improved geopolitical situation boosted investor confidence. The United States and Iran have paused their military strikes. The development has raised hopes for renewed diplomatic efforts. Investors also expect the easing of tensions to support shipping activity through the Strait of Hormuz. The waterway is important for global energy supplies. Any prolonged disruption can push oil prices higher and increase pressure on economies that depend on imported fuel. The latest development also affected global oil markets. Crude prices fell sharply as investors reacted to the temporary halt in hostilities. Brent crude briefly dropped below $90 per barrel. It fell more than 7% at one stage during early trading. US West Texas Intermediate crude also declined. The fall in international oil prices could provide some relief to Pakistan’s economy. Pakistan spends a significant amount on energy imports. Lower oil prices can therefore help reduce pressure on the country’s import bill and external account. Market analysts said the improvement in geopolitical conditions could also influence the State Bank of Pakistan’s monetary policy decision. Awais Ashraf, director of research at AKD Securities, said investors were expecting the central bank to maintain the policy rate. The State Bank is also expected to assess developments in the Middle East. The impact of recent floods on Pakistan’s economy will also remain under consideration. Analysts said the continuing decline in inflation and a relatively comfortable external account could support monetary easing in the coming months. However, economic activity and money supply trends remain important factors for policymakers. The strong rally follows a difficult week for the PSX. The KSE-100 Index had fallen by around 2.7% last week. The index lost 4,782 points and closed at 171,021.20 points. Rising tensions between the United States and Iran had increased uncertainty in financial markets. Higher international oil prices also added pressure. Investors had remained cautious because of concerns that the conflict could expand across the region. Monday’s sharp recovery shows how quickly market sentiment can change when geopolitical risks decline. Despite the strong gains, analysts remain cautious about the outlook. Further developments between Washington and Tehran will remain important. Global oil prices will also influence investor sentiment. The State Bank’s monetary policy decision is another key factor for the market.

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