Three Pakistan universities shut over security threats – police

Police officers are pictured in Islamabad, Pakistan, on April 9, 2022. (AFP/File)
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Updated 22 January 2024
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Three Pakistan universities shut over security threats – police

  • Pakistan is due to vote in two weeks amid overlapping security, economic and political crises
  • Three institutions tied to Pakistan’s army, navy and air force “shut down,” says police official

ISLAMABAD: Three universities affiliated with Pakistan’s military were shut over security threats in the capital Islamabad on Monday, police said.

Pakistan is due to vote in general elections in two weeks amid overlapping political, economic and security crises — with a spike in militant attacks targeting police and soldiers.

An Islamabad police official told AFP on condition of anonymity that the National Defense University, Bahria University and Air University in Islamabad were “shut down because of potential threats.”

The institutions are tied to Pakistan’s army, navy and air force, respectively.

“Due to security reasons... all faculty and staff, except security and necessary admin staff, will work from home,” said a text sent to Bahria University students and seen by AFP.

Pakistan goes to the polls on February 8 and thousands of auxiliary security forces are set to saturate the nation’s capital and northwestern region abutting Afghanistan.

The South Asian nation of 240 million has seen an uptick in attacks along its border regions since the Taliban surged back to power there in 2021, and has consistently claimed Kabul is giving safe haven to militants.

Last year saw casualties hit a six-year high with more than 1,500 civilians, security forces and militants killed, according to the Islamabad-based Center for Research and Security Studies.

In 2014, the Pakistan Taliban stormed an army public school in the northwestern provincial capital of Peshawar and killed more than 150 people, the majority of them children, triggering a massive army campaign to rout the militants.
 


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

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Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.