Jabalia airstrike ‘stark reminder’ of continuing Israeli war crimes — Pakistani PM

This image grab taken from AFPTV video footage shows Palestinians looking for survivors in a crater following a stike on a refugee camp in Jabalia on the northern Gaza Strip, on October 31, 2023, amid relentless Israeli bombardment of the Palestinian territory. (AFP)
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Updated 01 November 2023
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Jabalia airstrike ‘stark reminder’ of continuing Israeli war crimes — Pakistani PM

  • At least 50 Palestinians killed after Israeli airstrikes hit densely populated Jabalia, Gaza’s largest refugee camp
  • At least 8,525 Palestinians have been killed in the Gaza Strip in Israeli attacks since Oct. 7 assault by Hamas

ISLAMABAD: Pakistani Prime Minister Anwaar-ul-Haq Kakar on Wednesday condemned “rising Israeli hostilities and aggression against civilians,” after Israeli airstrikes hit the densely populated Jabalia, Gaza’s largest refugee camp.

Israel sent its forces into Gaza following weeks of air bombardments in retaliation for a Oct. 7 attack by Hamas. An Israel Defense Forces (IDF) statement said the airstrikes on Jabalia had killed Ibrahim Biari, a Hamas commander it said was “pivotal” in the planning and execution of the assault. 

Over 50 Palestinians were killed in Tuesday’s airstrike, while at least 8,525 Palestinians have been killed in Gaza in Israeli attacks since Oct. 7.

“Yesterday’s air raid on Jabalia camp, where hundreds of lives were lost, including women and children, was a stark reminder of ongoing Israeli brutalities and war crimes in Gaza. Such reprehensible acts can never be condoned or forgotten. The world must act now to end this carnage,” the Pakistani PM said.

Pakistan does not recognize the state of Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.

Speaking on the floor of the Senate on Tuesday, Minister for Information and Broadcasting Murtaza Solangi reaffirmed Pakistan’s “firm support” for the Palestinian right to self-determination, Radio Pakistan reported on Wednesday.

“Pakistan has a principled position on Palestine issue and there is no change in it,” Solangi told parliament. “Israeli state cannot survive if the Palestinians are deprived of the two-state solution … there will be no peace without justice.”

In a telephone call with USAID Administrator Samantha Power, Foreign Minister Jalil Abbas Jilani “underscored the urgency of an immediate cease-fire in Gaza and safe passage for humanitarian assistance to those in need.”


Pakistan stock market crosses record 174,000 points during intraday trading

Updated 29 December 2025
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Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.