Pakistan confirms swimmer, in Hungary for FINA World Aquatics Championships, missing

The picture shows missing Pakistani athlete Faizan Akbar. (Photo courtesy: Raja Saqlain/Facebook)
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Updated 24 June 2022
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Pakistan confirms swimmer, in Hungary for FINA World Aquatics Championships, missing

  • Pakistani swimmer Faizan Akbar went to Hungary to participate in 19th FINA World Aquatics Championships
  • Foreign office confirms Canadian high commissioner demarched to protest remarks about Pakistan army chief 

ISLAMABAD: Pakistan’s foreign office on Friday confirmed that a Pakistani athlete was last week reported missing in Hungary, where he went to participate in the 19th FINA World Aquatics Championships. 

Faizan Akbar, a 22-year-old professional swimmer, has won four gold medals in national events. He went to Hungary to participate in the 19th edition of the FINA World Aquatics Championships, being held in Budapest from June 17 to July 3. 

Akbar was to feature in the 100-meter backstroke event on June 19, but he did not show up. 

“Our mission in Budapest has informed that Hungarian authorities have informed them about the missing Pakistani athlete,” foreign office spokesperson Asim Iftikhar Ahmed told Arab News after a weekly press briefing on Friday. 




The picture shows missing Pakistani athlete Faizan Akbar. (Photo courtesy: FINA website)

He said neither the Pakistan Swimming Federation nor the organizers of the competition in Hungary had informed the Pakistani mission about the participation of the South Asian country’s athletes in the event. 

“The mission is in touch with Hungarian authorities on the issue,” Ahmed added. 

Speaking at the weekly media briefing earlier, Ahmed said Islamabad on Thursday summoned Canadian High Commissioner to Pakistan Wendy Gilmour to protest remarks made in Canadian parliament about the Pakistan army chief. 

The remarks were made by Tom Kmiec, a member of Conservative Party, in which he accused Army Chief General Qamar Javed Bajwa of interfering in Pakistan’s politics. 

“The Canadian high commissioner to Pakistan was summoned on Thursday and demarched to protest the remarks made in Canadian parliament,” Ahmed said. 

“Pakistan takes serious exception to the baseless and unsubstantiated remarks made by the member in the Canadian parliament.” 

The foreign office spokesperson said Pakistan and Canada had a multifaceted relationship and Islamabad wished to deepen ties based on mutual respect and trust. “Such incidents are not helpful in that context,” he added. 


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.