Beyond diplomacy - UAE envoy helps Pakistan’s unprivileged during Ramadan

UAE Ambassador, Hamad Obaid Alzaabi hands over newly built home in Islamabad to Pakistani fruit-seller and widow, Yasmin, as part of UAE's philanthropic efforts in Pakistan. May 4, 2019 (UAE Embassy photo)
Updated 12 May 2019
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Beyond diplomacy - UAE envoy helps Pakistan’s unprivileged during Ramadan

  • Says ‘I am doing this from my heart for the people of Pakistan’
  • The envoy gifted a house to a female fruit seller and a paralyzed Pakistani man

ISLAMABAD: The Embassy of the United Arab Emirates on Friday hosted a grand iftar feast for diplomats, officials, media and affluent Pakistanis, but Ambassador Hamd Ubaid Ibrahim, who gained a lot of popularity in Pakistan owing to his philanthropic activities ahead of the Muslim fasting month of Ramadan, told Arab News that his efforts to help the poor in this country were just beginning.
Ibrahim recently gifted a fully furnished house to a widowed fruit seller in Islamabad, making social media users in Pakistan praise him for his generosity. He also gifted a double-story, four-bedroom house to a paralyzed man from Kashmir who lost his abode in a devastating earthquake in October 2005.
The embassy has also launched its annual Ramadan iftar food distribution drive in Pakistan for the needy people supported by the Sheikh Khalifa Bin Zayed Humanitarian Foundation.

Several special Pakistani athletes, funded by the UAE government, were able to participate in the 2019 Special Olympics World Summer Games in February, a multi-sport event for athletes with intellectual disabilities.
Pakistan and the UAE also share deep-rooted cultural affinities and faith. For many Pakistanis, the UAE is a second home. Pakistan was the first country that extended recognition to the UAE in 1971, and its expatriates in that Gulf state have contributed significantly to Dubai’s commercial growth.
Recently, Pakistan also received a $3 billion relief package from the UAE to stave off its balance-of-payments crisis. Pakistani officials say strategic ties with the UAE are on an upward trajectory, bringing the two countries and their people still closer together.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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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.