Pakistan’s caretaker PM visits home province, reviews security situation ahead of general elections

Caretaker prime minister Anwaar-ul-Haq Kakar chairs a high-level meeting related to the security situation in Balochistan province in Quetta on August 26, 2023. (Photo courtesy: Government of Pakistan)
Short Url
Updated 26 August 2023
Follow

Pakistan’s caretaker PM visits home province, reviews security situation ahead of general elections

  • Anwaar-ul-Haq Kakar calls maintenance of secure environment in Pakistan his government’s ‘top priority’
  • He says Balochistan is rich in natural resources which can be used for the economic uplift of the country

QUETTA: Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar presided over a high-level meeting in Balochistan on Saturday to review the province’s security situation and evaluate progress on development projects carried out in various districts.

Situated in the southwest of the country, Balochistan is Pakistan’s least developed federating unit despite one of the biggest copper and gold deposits in the world. It has also experienced separatist violence for several decades by Baloch nationalist groups who accuse the central government of exploiting the natural resources of the region.

Kakar, who hails from the same province and took oath as Pakistan’s eighth interim prime minister earlier this month, highlighted the need to adopt creative and modern methods to tap Balochistan’s mineral resources.

“The caretaker government in Pakistan is keen to protect the nation and the country by maintaining a secure environment which is our top priority,” he said during the meeting in Balochistan’s provincial capital, Quetta.

Accompanied by his cabinet members, Kakar received a detailed brief by the provincial authorities regarding security situation ahead of the next general elections scheduled to take place in the next few months.

He also pledged to create additional economic and business opportunities for the residents of Balochistan that has a long coastline on the Arabian Sea where Pakistan is jointly undertaking several development projects with China.

“Balochistan is replete with natural minerals which could be utilized for the country’s economic uplift,” he observed. “But with better infrastructure in the province, we can benefit from the minerals [more].”

Discussing the issue of Balochistan’s physical connectivity with neighboring provinces, the prime minister instructed the National Highway Authority to expedite the reconstruction of a major bridge that was washed away by floods last year.


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

Updated 01 January 2026
Follow

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.