Pakistan, Turkiye resolve to work together for peace, stability in Afghanistan

Pakistan Foreign Minister Bilawal Bhutto-Zardari shakes hand with his Turkish counterpart, Mevlüt Çavusoglu, in Ankara, Turkey, on May 12, 2022. (MFA, Turkey/File)
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Updated 30 December 2022
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Pakistan, Turkiye resolve to work together for peace, stability in Afghanistan

  • Foreign ministers of Pakistan and Turkiye reiterate their commitment to stability and prosperity in the region
  • Foreign Minister Bilawal Bhutto-Zardari thanks Turkiye for showing solidarity with Pakistani flood victims

ISLAMABAD: The foreign ministers of Pakistan and Turkiye have vowed to join hands for a peaceful and stable Afghanistan for the sake of regional peace and stability, a Pakistani state broadcaster reported on Friday.  

The understanding was reached during a telephonic conversation between Foreign Minister Bilawal Bhutto-Zardari and his Turkish counterpart, Mevlüt Çavusoglu, on Thursday.  

The two leaders discussed the current situation in Afghanistan as well as “bilateral and regional matters,” the state-run Radio Pakistan reported.  

“Reiterated commitment to work together for peaceful & stable Afghanistan for regional peace and prosperity,” Bhutto-Zardari wrote on Twitter.  

Pakistan has witnessed a sharp increase in militant attacks in 2022 as proscribed outfits intensified their activities in remote districts in Pakistan's northwest and southwest that border Afghanistan. 

The Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), stepped up attacks in different parts of Pakistan after calling off a cease-fire with the government, which was brokered by the Afghan Taliban, in November. 

The TTP, which associates itself with the Afghan Taliban, has been fighting to overthrow the government in Islamabad since late 2000s. Pakistan has lately called on the Afghan Taliban to keep militant groups from reorganizing on their soil and abide by their commitments made with the international community. 

Bhutto-Zardari also thanked Turkiye for showing solidarity with Pakistani flood affectees and Ankara's continued support for their rehabilitation and a climate-resilient Pakistan. 

Pakistan enjoys cordial relations with Turkiye, rooted deep in culture, faith and trade. Turkish companies have invested more than $1 billion in different sectors in Pakistan, including construction, power, solid waste management, hygiene products, electronics and dairy. 


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.