Saudi army chief calls on Pakistani counterpart during visit to attend military parade

Commander of Royal Saudi Land Forces Lieutenant General Fahd Bin Abdullah Al Mutair, left, with Pakistan's army chief General Qamar Javed Bajwa during their meeting in Rawalpindi, Pakistan, on March 25, 2021. (Photo courtesy: ISPR)
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Updated 25 March 2021
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Saudi army chief calls on Pakistani counterpart during visit to attend military parade

  • Top military leaders from Saudi Arabia, Bahrain, Sri Lanka and the UK attended Thursday’s parade
  • Republic Day celebrations were dampened this year by third wave of coronavirus, bad weather

ISLAMABAD: Chief of Army Staff General Qamar Javed Bajwa said on Thursday that the army greatly valued its close brotherly ties with the Kingdom of Saudi Arabia during a meeting with the Commander of Royal Saudi Land Forces Lieutenant General Fahd Bin Abdullah Al Mutair in Rawalpindi. 

According to an official statement issued by the military’s media wing, ISPR, the Saudi commander called on the Pakistan army chief to discuss regional security situation and other issues of mutual interest including cooperation in the fields of defense, security and military training. 

The statement added that the “visiting dignitary acknowledged and appreciated Pakistan Army’s sincere efforts in bringing peace to the region especially the Afghan Peace Process.” 

Earlier in the day, President of Pakistan Dr. Arif Alvi thanked the military leaders of Saudi Arabia, Bahrain, Turkey and other friendly countries for participating in and attending a Pakistan Day parade despite challenges presented by the coronavirus pandemic, saying their presence at the event was proof that they always stood by Pakistan. 

The Pakistan Day military parade is observed each year on March 23, but was postponed by two days this year due to bad weather. The event is at the center of celebrations to commemorate a 1940 resolution that called for the establishment of an independent homeland for the Muslims of British-ruled India. 

Other than the commander of the Royal Saudi Land Forces, the event was also attended by commander of the National Guard of the Kingdom of Bahrain, General Sheikh Mohamed Bin lsa Al-Khalifa, commander of the Sri Lankan Army General LHSC Silva and commander UK Strategic Command Sir Patric Sanders. 

Paratroopers from Bahrain, Palestine, Iraq and Turkey also participated. A famed Turkish Air Force aerobatic team called SOLOTURK conducted a demo flight, while members of a Turkish general staff Mehter team, an Ottoman military band, gave a performance of traditional Turkish music. 

“Grateful to the military forces of friendly countries, pilots and other participants whose presence here proves that they always remained and are with us in strengthening, development and prosperity of Pakistan,” Alvi said during his address at the parade in Islamabad. “We have very strong friendly, religious, cultural and historic relations with Saudi Arabia, Turkey and other Gulf states and we want to further enhance them.” 

“There is a need to forget internal differences and strengthen inter-Muslim unity and Organization of Islamic Countries (OIC) in order to counter the growing wave of Islamophobia in the world today,” Alvi added. 

The Pakistani prime minister’s special adviser on religious harmony and the Middle East, Tahir Mahmood Ashrafi, said Pakistan’s relations with Saudi Arabia and other Arab countries “have strengthened and at the moment they are at their best, adding that the participation of Saudi Arabia and Bahrain in the parade showed that the relationship was “multidimensional.” 

“Our ties with Arab world have strengthened not only religiously,” Ashrafi said, “but also socially, economically, diplomatically and defensively.” 

Republic Day celebrations this year were also dampened by a growing third wave of the coronavirus pandemic. 

Earlier this week, the Pakistan army said its parade had been postponed due to “inclement weather and rain” and would now be held on Thursday instead of Tuesday “as per program and timings already specified.”


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.