ISLAMABAD: Iranian Foreign Minister Mohammad Javad Zarif arrived in Islamabad late Thursday to hold “delegation level” talks with Pakistani leaders in the backdrop of ongoing tensions between Tehran and the United States, the foreign office said on Friday.
Relations between Iran and Pakistan have been strained in recent months, with both sides accusing each other of not doing enough to stamp out militants allegedly sheltering across the border.
“During delegation level talks, Iran will discuss issues of mutual interest, regional security and others,” the foreign office said in a statement, adding that Zarif was greeted upon his arrival in Pakistan by Foreign Minister Shah Mahmood Qureshi.
This is Zarif’s third visit to Islamabad since becoming foreign policy head of Iran. He is expected to hold talks with Foreign Minister Qureshi in Pakistan, followed by meetings with Prime Minister Imran Khan and and Army Chief Qamar Javed Bajwa, the foreign office told Arab News.
In comments to media at a briefing on Thursday, foreign office spokesperson Dr. Mohammad Faisal said Pakistan was “concerned over the grave situation prevailing in the Arabian Gulf and during talks with his Iranian counterpart, the foreign minister will have a detailed discussion on it.”
“Pakistan always supports dialogue and desires that all issues should be settled peacefully and through engagement by all sides,” Faisal said. “If required, Pakistan is ready to play a constructive and positive role in this regard.”
The United States pulled out of an agreement between Iran and world powers a year ago that limited Iran’s nuclear program in return for lifting economic sanctions.
This month tensions have risen sharply following US President Donald Trump’s decision to try to cut Iran’s oil exports to zero and beef up US military presence in the Gulf in response to what he says are Iranian threats.
Pakistan has described the mounting tensions as “disturbing” and asked all sides to show restraint.
“Any miscalculation can lead to a large scale conflict in the region,”the foreign office spokesman said at a press briefing last week.
During Khan’s trip to Iran in April, the two sides announced they would form a joint quick reaction force to combat militant activity on their shared border.
A new umbrella group representing various insurgent groups operating in Pakistan’s southwestern Baluchistan province claimed responsibility for an attack in April when 14 passengers were killed after being kidnapped from buses in the province, which borders Iran.
Tehran has also stepped up security along its long border with Pakistan after a suicide bomber killed 27 members of Iran’s elite Revolutionary Guards in mid-February in southeastern Iran, with Iranian officials saying the attackers were based inside Pakistan. Pakistan denies the accusation.
Earlier this month, Pakistan said it had started fencing certain areas along the 950km shared Pakistan-Iran border.
Relations are also tense over a $7 billion Iran-Pakistan gas pipeline project. Pakistan says it has recently informed Iran in writing that it cannot execute the project as long as Tehran is under a United States sanctions regime, driving the final nail in the coffin of a project that was conceived in the 1990s to connect Iran’s giant South Pars gas field to India via Pakistan.
Tehran formally issued a notice to Islamabad in February this year, saying it was moving an arbitration court against Pakistan for failing to lay down the pipeline in Pakistani territory in the timeframe stipulated in the bilateral agreement. Pakistan has until August this year to legally respond to Iran’s notice and settle the issue through negotiations.
Iranian foreign minister in Pakistan amid rising tensions with US
Iranian foreign minister in Pakistan amid rising tensions with US
- “Will discuss issues of mutual interest, regional security and others,” Pakistani foreign office says
- Pakistan concerned over “grave” situation unfolding in Arabian Gulf, ready to play mediatory role
Pakistan stocks hit another all-time high as optimism prevails over worker remittances
- Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
- ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points
ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.
Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.
On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.
Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.
“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.
Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.
Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.
“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.
CKD means the cars are assembled locally from imported parts.
Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.
It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.










