Iran says it targeted ‘Iranian terrorist group’ in Pakistan

Iranian Foreign Minister Hossein Amir-Abdollahian gestures during a session at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. (AFP)
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Updated 17 January 2024
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Iran says it targeted ‘Iranian terrorist group’ in Pakistan

  • Iran’s FM says Pakistani nationals were not targeted by Iranian missiles, drones during Tuesday’s attacks
  • Says Iran respects Pakistan’s sovereignty but would not allow its national security to be compromised

DAVOS, Switzerland: Tehran’s top diplomat said on Wednesday that his country’s armed forces targeted an “Iranian terrorist group” in Pakistan the day before, after Islamabad said the strike killed two children.

“None of the nationals of the friendly and brotherly country of Pakistan were targeted by Iranian missiles and drones,” Foreign Minister Hossein Amir-Abdollahian said on the sidelines of the World Economic Forum in Davos, Switzerland.

“The so-called Jaish Al-Adl group, which is an Iranian terrorist group, was targeted,” he added.

The raid came late on Tuesday after Tehran also launched attacks in Iraq and Syria against what it called “anti-Iranian terrorist groups.”

Pakistan denounced the strike near the nations’ shared border, recalled its ambassador from Iran and blocked Tehran’s envoy from returning to Islamabad.

A few hours before the strike, Pakistani caretaker Prime Minister Anwar-ul-Haq Kakar met Amir-Abdollahian on the sidelines of the Davos Forum.

Amir-Abdollahian said Iran’s attack on “Pakistan’s soil” was a response to the Jaish Al-Adl group’s recent deadly attacks on the Islamic republic, particularly on the city of Rask in the southeastern province of Sistan-Baluchistan.

At attack on January 10 on a police station in the city killed a policeman, almost a month after 11 police officers were killed in a similar attack in the area.

Both attacks were claimed by Jaish Al-Adl (Army of Justice), an extremist group that was formed in 2012 and is blacklisted by Iran as a “terrorist” group.

“The group has taken shelter in some parts of Pakistan’s Balochistan province,” Amir-Abdollahian said, adding that “we’ve talked with Pakistani officials several times on this matter.”

The foreign minister said Iran respected the sovereignty and territorial integrity of Pakistan but would not “allow the country’s national security to be compromised or played with.”


Pakistan stocks hit record high on hopes of rate cut, improved US ties

Updated 19 January 2026
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Pakistan stocks hit record high on hopes of rate cut, improved US ties

  • Benchmark index gains 2,662 points, or 1.44 percent, to close at an all-time high of 187,761 points
  • Engro, UBL, Hub Power, Fauji Fertilizer, Meezan Bank and Service Industries added 1,554 points to index

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a record high as it surpassed the 187,500-point mark on Monday, with analysts citing improving ties with the United States and expectations of an imminent interest rate cut.

The benchmark KSE-100 index gained 2,662.86 points, or 1.44 percent, to close at an all-time high of 187,761.69 points, up from the previous close of 185,098.83 points, according to PSX data.

The stock gains came a day after President Donald Trump invited Prime Minister Shehbaz Sharif to join the so-called “Board of Peace” for Gaza, amid increasing Pakistan-US diplomatic and economic engagement since Trump’s rise to presidency.

“Falling government bond yields and improving Pakistan-US relations played a catalyst role in record close at PSX,” Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News.

Meanwhile, Karachi-based market research firm Topline Securities said bulls extended their rally as hopes of a rate cut by the State Bank of Pakistan (SBP) fueled investor sentiment.

“Investor sentiment remained upbeat, largely fueled by rising expectations of an imminent interest rate cut,” it said in a post on X. “Market participants increasingly priced in a 50bps reduction in the upcoming monetary policy, which kept buying interest alive and underpinned broad-based gains.”

In December, the SBP cut its key policy rate by 50 basis points to 10.5 percent, resuming monetary easing after four meetings in a move that surprised many despite International Monetary Fund guidance to keep policy “appropriately tight” to anchor inflation expectations.

Engro Holdings Limited (ENGROH), United Bank Limited (UBL), Hub Power Company Limited (HUBC), Fauji Fertilizer Company Limited (FFC), Meezan Bank Limited (MEBL) and Service Industries Limited (SRVI) collectively added 1,554 points to the benchmark index on Monday, according to Topline Securities.

“Total market volumes stood at 1,195 million shares, while the value of shares traded amounted to Rs63.7 billion,” the research firm said. “[Bank Makramah Limited] BML led the volume chart, emerging as the most actively traded stock with 246 million shares.”