WASHINGTON: Pakistan’s foreign minister wants the world to engage the Taliban, warning of dangerous consequences if Afghanistan’s rulers are again isolated.
In an interview with AFP on a visit to Washington, Bilawal Bhutto Zardari cautioned against creating “parallel governance” after the United States, distrustful of the Taliban, put Afghanistan’s frozen assets in a professional fund in Switzerland.
“We’ve learned from the past that when we wash our hands and turn our backs, we end up creating unintended consequences and more problems for ourselves,” Bhutto Zardari said Tuesday.
“I believe that our concerns of an economic collapse, of an exodus of refugees, of a threat of new recruits for organizations such as Daesh-K and others, outweigh concerns that there may be about their financial institutions.”
The Taliban returned to power last year after the United States ended a two-decade war. Relations had soured with Pakistan, whose powerful military and intelligence apparatus was accused in Washington of quietly nurturing the militants despite providing logistical access to US forces. Both deny the charge.
In contrast to some previous Pakistani officials, the foreign minister — whose mother, former prime minister Benazir Bhutto, was assassinated in 2007 — offered no warm words for the Taliban.
But he said the militants needed “political space” on concerns such as women’s rights, which have been sharply curtailed.
“Throughout history, theocratic, autocratic regimes haven’t exactly tended to expand rights at times of economic strife,” he said.
“In fact, they tend to hold on to cultural issues and other issues to engage their population.”
The United States came away unpersuaded from a series of talks with the Taliban and in August said the militants had violated promises by welcoming Al-Qaeda leader Ayman Al-Zawahiri, who was found at a house in Kabul and killed in a US strike.
Bhutto Zardari, the Oxford-educated 34-year-old scion of a preeminent political dynasty, took office five months ago amid political turbulence in Pakistan after a no-confidence vote in former prime minister Imran Khan.
The strife comes as Pakistan is ravaged by floods that have submerged one-third of the country, displacing millions.
At a meeting Monday, US Secretary of State Antony Blinken promised long-term support. In a message less welcome by Pakistan, the top US diplomat also called on Islamabad to ask China to restructure debt accumulated as Beijing builds billions of dollars of infrastructure in a quest for Indian Ocean port access.
Asked about Blinken’s remarks, Bhutto Zardari said he has had “very productive conversations” with China and said he hoped that assistance after the historic floods “does not fall prey to great power rivalries and geostrategic issues.”
With Beijing seen by many Pakistanis as an uncritical ally, successive governments in Islamabad have rebuffed US calls to weigh in on the mass incarceration of Uyghurs and other mostly Muslim people, a campaign Washington calls genocide.
“I’m sure that the United States would like for us to comment more on China’s internal affairs,” Bhutto Zardari said.
“But maybe if we start by addressing disputes that are recognized by bodies such as the United Nations as disputes of an international nature, that would be more productive.”
He was referring to Kashmir, the Himalayan territory divided between India and Pakistan and the trigger for two of their three full-fledged wars.
Indian Prime Minister Narendra Modi, a Hindu nationalist, in 2019 stripped Muslim-majority Jammu and Kashmir of its historic autonomy and opened the way for other Indian citizens to live there.
Bhutto Zardari recalled that when his Pakistan People’s Party was in power in 2010, it moved to open trade with India, then led by prime minister Manmohan Singh.
“We were willing to take the political risk, stick our necks on the line, and touch the third rail of Pakistani politics — but because we knew that there was a rational, reasonable player on the other end who would perhaps be willing to reciprocate,” Bhutto Zardari said. “Unfortunately, that space does not exist today. It’s a very different India.”
Pakistani FM warns of consequences to Afghan Taliban isolation
https://arab.news/6qypk
Pakistani FM warns of consequences to Afghan Taliban isolation
- Bhutto Zardari cautioned against creating “parallel governance” after US put Afghanistan’s frozen assets in Swiss fund
- Foreign minister said Afghan Taliban needed “political space” on concerns such as sharply curtailed women’s rights
Pakistani stock market breaches 182,000-mark as cash inflows extend new year rally
- KSE-100 index gained 3,373.30 points, or 1.88%, to close at 182,408.23 points
- The stock market has delivered 4.8% returns in the first three sessions of 2026
KARACHI: Pakistani stocks extended their new year rally and breached the 182,000-point mark for the first time ever on Monday, with analysts attributing the gains to a fresh wave of cash inflows driven by increased liquidity.
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) gained 3,373.30 points, or 1.88%, to close at 182,408.23, up from the previous close of 179,034.93.
Shahid Ali Habib, chief executive officer (CEO) at Arif Habib Limited, said a fresh wave of inflows from domestic institutions has fueled the strong start to the new year, with the index continuing to touch new all-time highs.
“Aggressive buying was seen today in blue chips which took the KSE-100 through the 180k mark,” he told Arab News.
“UBL (United Bank Limited), HBL (Habib Bank Limited) and ENGROH (Engro Holdings) contributed more than 1,000-points of the total 3,300-points DoD (day to day) gain (+1.88%).”
Pakistan’s stock market has marked a strong start to 2026 as broad-based institutional buying lifted major sectors and bolstered investor confidence at the beginning of the year.
The stock market has delivered a 4.80% return (8,353.92 points) in the first three sessions of 2026, according to Topline Securities market research firm.
Najeeb Ahmed Khan Warsi, chief business officer at Al-Habib Capital Market Private Limited, said the surge was driven by liquidity influx, positive listed company results and supportive government policies.
“With economic data fueling investor confidence, the bullish trend continues,” he added.
Ahsan Mehanti, the CEO of Arif Habib Commodities said the bullish activity was led by “industrials on weak global crude prices.”
“Upbeat data on fertilizer sales surging by 34pc YoY [year on year] and oil sales up 6pc YoY in Dec’25 and strong rupee played catalyst role in record close at PSX,” he said.










