Turkish president addresses Pakistan parliament, pledges support on Kashmir

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Turkey's President Recep Tayyip Erdogan addresses the Parliament in Islamabad on Feb. 14, 2020. (Presidential Press Service via AP, Pool)
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Turkish President Recep Tayyip Erdogan while addressing the joint session of Pakistan's parliament on February 14, 2020. (Photo by Radio Pakistan)
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Updated 15 February 2020
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Turkish president addresses Pakistan parliament, pledges support on Kashmir

  • Erdogan is on a 2-day official visit to Islamabad
  • He also rejected Trump’s ‘deal of the century’ calling it an occupation plan

ISLAMABAD: Turkish President Recep Tayyip Erdogan on Friday addressed a joint session of Pakistan parliament, offering unflinching support on issues confronting Islamabad including Kashmir and scrutiny by Financial Action Task Force (FATF).
Erdogan arrived in Pakistan on a two-day official visit on Thursday, accompanied by his wife and a high-powered delegation of officials and businessmen.
In his address to Pakistani lawmakers, he also rejected US President Donald Trump’s Middle East peace plan to resolve the Israel-Palestine conflict.
“Today, the issue of Kashmir is as close to us as it is to you [Pakistanis],” he said while addressing the joint session of the parliament for a record fourth time in Islamabad.
“Kashmir issue can be resolved not through conflict or oppression but through justice and fairness,” he said. “Turkey will continue to stand by justice, peace and dialogue for the resolution of the Kashmir issue.”
The Kashmir dispute attracted international spotlight in August last year when India revoked the special constitutional status of Indian-administered Kashmir and placed more than eight million Kashmiris under a strict curfew to prevent any protests against the decision in the Muslim-majority state — bringing he two countries to the brink of war.
The Turkish president also lauded Pakistan’s efforts to rid the region of terrorism and the country’s contribution to the ongoing peace process in Afghanistan.
“Pakistan and Turkey are two countries that are most affected by terrorism due to their geographic location,” he said. “We will continue to cooperate with Pakistan on counter-terrorism.”
Erdogan also vowed Ankara’s support to Islamabad over FATF – an intergovernmental body responsible for combating money-laundering and terror financing – that placed Pakistan on its grey-list in June 2018 for “structural deficiencies” in financial framework. The watchdog is expected to decide next week in its plenary in Paris whether Pakistan’s name could be removed from its grey-list or further downgraded to the blacklist.
Pakistan requires at least 12 votes to get off the grey-list and three votes out of 37 to avoid blacklisting, so Turkey’s support along with other friendly countries will prove crucial to Islamabad.
“Pakistan is on the way to peace and stability: Peace and stability don’t come in a few days and require work,” he said.
During his address, the Turkish president also referred to Donald Trump’s “deal of the century” to resolve the Israel-Palestine conflict. “This is not a peace plan, but in fact a project for occupation,” he said. 
“Jerusalem is our red line. We have declared to the whole world that we will not leave Haram Al-Sharif to the mercy of the occupying Israeli administration,” he added.
Recalling historic relationship with Pakistan, Erdogan thanked the South Asian nation for helping the people of Turkey in difficult times.
“We have never forgotten and will not forget the help, which the Pakistani people delivered, during our War of Independence by piling up their own bread,” he said.
During Erdogan's visit, Pakistan and Turkey signed a string agreements, including on cooperation between state-run broadcasters, customs, halal certification, and a declaration of economic framework to increase bilateral trade. They also inked memoranda of understanding in the defense and energy sectors.


Pakistan stock market sees 41% rise in investors in 18 months

Updated 09 January 2026
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Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.