PM Sharif among world leaders attending Queen Elizabeth's funeral in London

Gentlemen at Arms, the Queen's bodyguard take part in the funeral service of Queen Elizabeth II at Westminster Abbey in central London, on September 19, 2022. (AP)
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Updated 19 September 2022
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PM Sharif among world leaders attending Queen Elizabeth's funeral in London

  • The Queen’s funeral will be held at Westminster Abbey today before her coffin is transported to Windsor Castle
  • The PM described her as ‘source of inspiration’ while inviting King Charles III to visit Pakistan at ‘earliest opportunity’

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday extended his condolences to King Charles III over the passing of his mother while attending a reception for foreign dignitaries who have gathered in the United Kingdom to attend the funeral of Queen Elizabeth II.

The Queen passed away at Balmoral Castle, the residence of the British royal family in Scotland, on September 8. She served as the sovereign of her country and head of the Commonwealth realms for over 70 years, making her the longest reigning monarch in the history of UK.

The prime minister is currently visiting London to attend the Queen’s funeral which is scheduled to take place at Westminster Abbey on Monday before her coffin is transported to St. George’s Chapel at Windsor Castle.




A Bearer Party of The Queen's Company, 1st Battalion Grenadier Guards places the coffin of Queen Elizabeth II, draped in the Royal Standard, onto the State Gun Carriage of the Royal Navy outside Westminster Hall, at the Palace of Westminster in London on September 19, 2022. (AFP)

Pakistan’s information minister Marriyum Aurangzeb said in a string of Twitter posts that the Pakistani premier described the late monarch as “a source of inspiration and strength for generations of Commonwealth citizens” in his conversation with the new King.

“The Prime Minister recalled that the people of Pakistan had fond memories of Her Majesty’s two visits to the country,” she continued. “The bond of affection between the Royal family and the Pakistani nation had only strengthened with time.”




Pakistan PM Shehbaz Sharif (right) meets Britain’s King Charles III in London, England, on September 18, 2022. (Commonwealth/Flicker)

The Queen visited Pakistan as head of the Commonwealth in 1961, waving to crowds as she rode in a convertible through the streets of Karachi. During her second visit in 1997, she addressed a joint sitting of Pakistan’s parliament and spoke at a banquet hosted by former president Farooq Leghari.

The information minister said the prime minister conveyed best wishes to the King on behalf of the people and government of Pakistan on his ascension to the throne while expressing hope that he would carry on the legacy of his mother to further strengthen friendship among the Commonwealth nations.

He said the people of Pakistan held the new King of Britain in high esteem and looked forward to welcoming him to their country at the “earliest opportunity.”

The prime minister also thanked the monarch for the royal family’s expression of sympathy and support in the wake of the unprecedented floods in Pakistan.
He said the appeal for help and the response from both the British government and public were deeply appreciated in Pakistan.


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.