Pakistan condemns Israel’s ‘irresponsible’ attack on Iranian consular building in Damascus

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Smoke rises after what the Iranian media said was an Israeli strike on a building close to the Iranian embassy in Damascus, Syria on April 1, 2024. (REUTERS)
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In this photo released by the official Syrian state news agency SANA, emergency service workers clear the rubble at a destroyed building struck by Israeli jets in Damascus, Syria, on April 1, 2024. (SANA via AP)
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Emergency services work at a destroyed building hit by an air strike in Damascus, Syria, on April 1, 2024. (AP)
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Emergency services work at a destroyed building hit by an air strike in Damascus, Syria, on April 1, 2024. (AP)
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Updated 02 April 2024
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Pakistan condemns Israel’s ‘irresponsible’ attack on Iranian consular building in Damascus

  • Israeli airstrikes destroyed Iranian embassy’s consular annex in Damascus on Monday, killing seven members of Iran’s Revolutionary Guards
  • Pakistan urges UN to stop Israel from its “adventurism” in the Middle East region and targeting foreign diplomatic facilities 

ISLAMABAD: Pakistan’s foreign office on Tuesday strongly condemned Israel’s “irresponsible” attack on the consular annex of the Iranian embassy in Damascus, terming it as a “major escalation” in an already volatile region. 

Israeli air strikes destroyed the Iranian embassy’s consular annex in Damascus on Monday, Syrian and Iranian officials confirmed, with a top Iranian Revolutionary Guard commander among seven members the force said were killed. 

The recent attack has given rise to fears that violence in the Middle East could escalate further with Iran vowing a stiff response against the Jewish state.

“The attack is an unacceptable violation of the sovereignty of Syria and undermines its stability and security,” Pakistan’s foreign office said in a statement, adding that attacks against diplomats or diplomatic facilities are illegal under the Vienna Convention on Diplomatic Relations of 1961. 

“The irresponsible act of the Israeli forces is a major escalation in an already volatile region,” the statement said, urging the UN Security Council to prevent Israel from its “adventurism in the region” and its illegal acts of attacking its neighbors and targeting foreign diplomatic facilities.




Emergency services work at a destroyed building hit by an air strike in Damascus, Syria, on April 1, 2024. (AP)

Israel has killed over 32,000 Palestinians in Gaza since Oct. 7 2023 and injured thousands more. The Jewish state has angered several countries around the world as it pushes its military offensives in Gaza, ignoring calls for an immediate ceasefire from global leaders and peace activists. 

Pakistan, which does not have diplomatic relations with Israel, has consistently criticized it for its military campaign in Gaza and called for the establishment of an independent Palestinian state with Al Quds al Sharif as its capital. 
 


Pakistan stocks hit another all-time high as optimism prevails over worker remittances

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Pakistan stocks hit another all-time high as optimism prevails over worker remittances

  • Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
  • ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.

Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.

On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.

Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.

“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.

Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.

Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.

“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.

CKD means the cars are assembled locally from imported parts.

Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.

It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.