Pakistan calls on media in OIC states to help address challenges faced by Muslims globally

Pakistan's information minister Marriyum Aurangzeb photographed during OIC's 12th Session of the Islamic Conference of Information Ministers in Istanbul, Turkey on October 23, 2022. (Photo courtesy: Pakistan Embassy Türkiye)
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Updated 25 October 2022
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Pakistan calls on media in OIC states to help address challenges faced by Muslims globally

  • The country’s information minister urges OIC member states to set up a working group to deal with Islamophobia
  • OIC wants the media to create awareness about ‘destruction and desecration’ of Islamic heritage in non-Muslim states

ISLAMABAD: Pakistan’s information minister Marriyum Aurangzeb highlighted the role of the media in addressing the challenges faced by Muslims around the world during a recent Organization of Islamic Cooperation (OIC) conference, her office said on Monday, while calling for a working group to deal with the issue of Islamophobia.

The minister issued the statement while addressing the 12th session of the OIC Conference of Information Ministers in Istanbul on October 21-22 after Saudi Arabia handed over the chairmanship to Turkey during the opening session of the event.

During her speech at the forum, Aurangzeb also the OIC to protect the rights of Muslim minorities around the world by speaking up against the violations of their civil and constitutional liberties.

“Paying tribute to the steadfastness of the Kashmiri and Palestinian people, the Minister called upon the media to show their sufferings at the hands of the Indian and Israeli occupation forces after visiting the occupied territories,” the official statement said. “She also suggested establishment of an intersessional Working Group on disinformation, misinformation and islamophobia for sharing best practices and experiences in the OIC geography.”

The OIC meeting emphasized the need to combat Islamophobia “in all its manifestations” by unanimously passing a resolution during the conference.

It also urged media outlets in OIC countries to raise global awareness about “deliberate acts of destruction and desecration of Islamic cultural and religious heritage in non-Muslim countries, especially in those areas where indigenous Muslim communities were subjected to ethnic cleansing.”

The Pakistani information minister encouraged the media in Muslim states to play its role in urgent, unified and decisive action in the form of climate financing for building resilience in vulnerable developing countries.


Pakistan stocks close at record high on strong investor sentiment

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Pakistan stocks close at record high on strong investor sentiment

  • KSE-100 ends at 170,741 points as heavyweight stocks drive gains
  • Market activity remains robust with volumes topping 900 million shares

ISLAMABAD: Pakistan’s benchmark KSE-100 Index closed at a new all-time high on Monday, extending its upward momentum as heavyweight stocks led broad-based gains, according to a market review by Topline Securities.

The index finished the session at 170,741 points, up 876 points, after remaining in positive territory throughout the day. It touched an intraday high of 171,001 points and a low of 170,292 points, reflecting sustained buying interest and a firm market tone.

“The KSE-100 Index concluded the trading session on a strong note, closing at a new all-time high of 170,741 points, registering a gain of 876 points,” Topline Securities said in its daily market review.

Key index heavyweights Pakistan Petroleum Ltd. (PPL), Systems Ltd. (SYS), Maple Leaf Cement Factory (MLCF), National Bank of Pakistan (NBP) and United Bank Ltd. (UBL) were the main drivers of the rally, together contributing around 651 points to the index’s advance.

Market activity remained brisk, with total traded volumes reaching 904 million shares, while overall market turnover rose to Rs47 billion ($168 million). Pakistan International Bulk Terminal Ltd. (PIBTL) was the most actively traded stock of the session, with volumes of 123 million shares, the review said.

The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.

Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5 percent, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged. The cut came despite an International Monetary Fund staff report last week cautioning against premature monetary easing.

Inflation eased to 6.1 percent in November, remaining within the State Bank of Pakistan’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.