Ministers from Pakistan, Iran, China, Russia discuss Afghan crisis on sidelines of SCO summit

Pakistani Foreign Minister Shah Mahmood Qureshi (first from left) talks to his Russian counterpart Sergey Lavrov (first from right) in Dushanbe, Tajikistan on Sep 16, 2021. (Photo courtesy: Pakistan Foreign office)
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Updated 17 September 2021
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Ministers from Pakistan, Iran, China, Russia discuss Afghan crisis on sidelines of SCO summit

  • Joint meeting of Shanghai Cooperation Organization and Collective Security Treaty Organization held in Dushanbe
  • Participants call for government of national reconciliation and inclusiveness in Afghanistan representing all ethnic and political forces

ISLAMABAD: A joint meeting of the Shanghai Cooperation Organization (SCO) and the Collective Security Treaty Organization (CSTO) was held in Dushanbe on Thursday, with the foreign ministers of Russia, China and Pakistan and a deputy minister from Iran in attendance, the Pakistani foreign office said.

The leaders are in Tajikistan with their respective heads of government to attend the 20th Shanghai Cooperation Organization Council of Heads of State (SCO-CHS) summit.

The Collective Security Treaty Organization is an intergovernmental military alliance in Eurasia that consists of selected post-Soviet states.

“During the meeting, special discussions were held on the emerging situation in Afghanistan and peace and stability in the region,” the foreign office said about Thursday’s joint meeting of the SCO and CSTO. “The participants reaffirmed their commitment to promoting peace, security and stability in Afghanistan and the region as a whole.”

World powers have told the Taliban the key to peace and development is an inclusive government acceptable to all people of Afghanistan, including women and minorities. But an all-male interim cabinet announced earlier this month saw key positions going to core, veteran players of the Taliban movement.

The Persian-speaking Tajiks of Afghanistan’s western and northern regions have long been opposed to the southern and eastern Pashtuns who make up the core of the Taliban.

“The ministers stressed the need for a government of national reconciliation and inclusiveness in Afghanistan that takes into account the interests of all ethnic and political forces in the country,” the statement said. “The meeting highlighted the current situation in Afghanistan and the threats it poses, in particular the need for joint efforts to address the spread of terrorism and drug trafficking.”

The ministers also expressed concern over the “complex human and social and economic situation in Afghanistan and the dangers of refugee invasion in the region.”


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.