PM Sharif announces countrywide campaign to help quake-hit Turkiye

A photo taken on on February 8, 2023, shows a man looking on as residents and rescue personnel search for victims and survivors through the rubble of collapsed buildings in Adiyaman, two days after a 7,8-magnitude earthquake struck southeast Turkey. (Photo courtesy: AFP)
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Updated 09 February 2023
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PM Sharif announces countrywide campaign to help quake-hit Turkiye

  • Devastating earthquakes that hit parts of Turkiye and Syria this week have killed at least 19,000 people
  • Pakistan to enlist help from business community, religious scholars, educational institutions says Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that Pakistan has decided to expand its ongoing rescue and relief operations for the people of Turkiye into a countrywide campaign, vowing that Islamabad would stand by Ankara in its time of need.

Deadly earthquakes that hit parts of Turkiye and Syria this week, killed at least 19,000 people and left hundreds of thousands homeless in the midst of winter. While rescuers are working to save survivors from the rubble of collapsed buildings, hopes have faded of many people being found alive 72 hours since the disaster and frustration simmered over the slow delivery of aid.

The number of people killed by the quakes of magnitudes 7.8 in Turkiye and 7.5 in Syria have been larger than in 1999 when a similarly powerful tremor killed 17,000 people in Turkey's more densely populated northwest.

On Wednesday, the Pakistani government announced the establishment of the “Prime Minister’s Relief Fund for Victims of Earthquake in Turkiye,” asking the public to “donate generously” for the quake victims. 

"Government has decided to expand the ongoing rescue & relief efforts for Türkiye into a countrywide campaign," Sharif wrote on Twitter.

He said Pakistan would enlist the support of religious scholars, educational institutions and the country's business community to help the earthquake victims in Turkiye.

 

 

 

In a separate tweet, Sharif said he had directed all chief ministers to take ownership of the national relief campaign. 

"As One Nation living in two states, we will continue to stand by our Turkish brothers & sisters," he added.

 

 

 

Pakistan's embassy in Turkiye shared video footage of the country's Rescue 1122 team members evacuating people from beneath the rubble. 

 

 

Pakistani teams have rescued five people in Adana, Pakistan's Ministry of Foreign Affairs (MoFA) said in a statement. It added that a field hospital has also been established in Turkiye by the Pakistani team, which comprises the Pakistan army, ministry of health and Rescue 1122 officials.

Earlier, Pakistan’s Foreign Office said it had "so far received no news” of any Pakistani citizens dying or being injured in deadly earthquakes. She said about 23 Pakistanis have been evacuated from Gaziantep University and have been accommodated in Adana.


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.