ISLAMABAD: Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Said Al-Malki visited the Chief Justice of Pakistan, Mian Saqib Nisar at the Supreme Court in Islamabad on Friday, a statement released by the top court said.
“He (the ambassador) briefed his lordship about the bilateral relationship between Pakistan and Saudi Arabia and said that there are similarities between both the countries such as common traditions and culture,” the apex court said in a brief statement.
It added that the “ambassador expressed his good wishes and conveyed his greetings” before thanking “the Hon’ble Chief Justice of Pakistan for sparing his time”.
Ambassador Nawaf plays an active role and regularly interacts with the country’s top political leadership, government officials, chief of the armed forces, the business community, and members of the civil society. As part of his visit, he also met with Pakistan’s Naval Chief Admiral Zafar Mahmood Abbasi at the naval headquarters in Islamabad and discussed issues of mutual interest, the navy said in a brief message.
In October this year, the Pakistan Navy Ship Saif visited Saudi Arabia with the “navies of both countries holding a number of joint training and exercises, including the Naseem-ul-Bahr joint naval exercise”, the Pakistan Navy had said at the time.
Saudi envoy meets Pakistan’s Chief Justice, Naval Chief
Saudi envoy meets Pakistan’s Chief Justice, Naval Chief
- Highlights similarities of culture and tradition between both the countries
- Ambassador Nawaf regularly interacts with the country’s top political leadership
Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts
- Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
- Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December
KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate.
The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points.
Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, breaking a four-meeting hold in a move that surprised markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry.
“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News.
The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.
Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.
“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said.
Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”
“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.
