World Muslim League chief meets Punjab governor, discusses challenge of ‘Islamophobia’

Secretary General of the World Muslim League Dr. Mohammad bin Abdulkarim Al-Issa (R) speaks to the media with Pakistan's Punjab Governor Muhammad Baligh-ur-Rehman in Lahore on October 12, 2022. (Screengrab from video)
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Updated 12 October 2022
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World Muslim League chief meets Punjab governor, discusses challenge of ‘Islamophobia’

  • Dr. Mohammad bin Abdulkarim Al-Issa says it is vital to show the world that Islam is a religion of peace and tolerance
  • The Punjab governor emphasizes education for Muslims in the world, seeks institutionalization of more scholarships

ISLAMABAD: Secretary General of the World Muslim League Dr. Mohammad bin Abdulkarim Al-Issa visited Lahore on Wednesday where he discussed a wide range of issues with Punjab Governor Muhammad Baligh-ur-Rehman while specifically focusing on the problem of “Islamophobia.” 
The league is an international Islamic organization which is based in Makkah and has been operating since the 1960s. Among its many objectives, it seeks to clarify the message of Islam by emphasizing its moderate values for greater peace and tolerance in the world. 
Al-Issa, who is in Pakistan until Friday, has also met the army chief, General Qamar Javed Bajwa, and Senate chairman, Sadiq Sanjrani, along with other officials. 
“Muslim countries are facing various challenges including Islamophobia,” the secretary general of the league was quoted as saying by an official statement circulated after his meeting with the governor. “Islam is a religion of peace and tolerance. There is a need to present the true face of Islam to the world and highlight its real character.” 
The Punjab governor agreed with the visiting dignitary while urging his organization to continue its “role to end Islamophobia.” 
He also praised the Saudi king and crown prince for their services to the Muslim world. 
“We are fortunate that Dr. Mohammad bin Abdulkarim Al-Issa, who delivered the Hajj sermon, is present among us,” said the governor. “We are also thankful to the Muslim World League and friendly countries for sending relief material and other help for the rehabilitation of flood-affected families in Pakistan.” 
Rehman highlighted the significance of good education for Muslims across the world while urging the league to play a role in offering more scholarships to them for the promotion of Islamic and scientific studies. 


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

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Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.