Islamabad rejects ‘unhealthy’ remarks by Indian politicians about Pakistan’s nuclear capability, Kashmir

Pakistani policemen stand guard outside the Pakistan's Foreign Ministry building on the arrival of Indian diplomats to meet with an Indian spy Commander Kulbhushan Jadhav, a serving Indian naval officer and RAW operative, in Islamabad on September 2, 2019. (AFP/File)
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Updated 14 May 2024
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Islamabad rejects ‘unhealthy’ remarks by Indian politicians about Pakistan’s nuclear capability, Kashmir

  • Pakistan has been key topic of Indian election speeches by PM Narendra Modi, top leaders of his ruling BJP party
  • Foreign Office urges Indian politicians to stop dragging Pakistan into their domestic politics for ‘electoral gains’

ISLAMABAD: Pakistan’s foreign office on Tuesday rejected “baseless” and “unhealthy” remarks by Indian Prime Minister Narendra Modi and other members of his cabinet regarding Pakistan’s nuclear program, Kashmir dispute and other regional issues, which came during campaigning for ongoing elections in India.

Pakistan has been a key topic of speeches by Indian leaders during campaign rallies, with Modi and top leaders from his ruling Bharatiya Janata Party (BJP) making strong statements about their South Asian neighbor.

At an election rally in Bihar this week, Modi indirectly referred to National Conference leader Farooq Abdullah’s remarks about Pakistan’s nuclear capabilities and said he would make Pakistan “wear bangles.”

Noting the “alarming” surge in anti-Pakistan rhetoric, Pakistan’s Foreign Office said it rejected the “irresponsible statements” by Indian leaders about the Jammu and Kashmir dispute, counter-terrorism efforts, bilateral relations and Pakistan’s nuclear capabilities.

“Regrettably, these statements reflect an unhealthy and entrenched obsession with Pakistan and reveal a deliberate intent to exploit hyper-nationalism for electoral gains. These also signify a desperate attempt to deflect attention from mounting domestic and international criticism,” Mumtaz Zahra Baloch, a Pakistani foreign office spokesperson, said in a statement.

“The bravado and jingoism exhibited by Indian leaders expose a reckless and extremist mindset. This mindset calls into question India’s capacity to be a responsible steward of its strategic capability. On the other hand, the purpose of Pakistan’s strategic capability is to safeguard its sovereignty and defend its territorial integrity.”

Baloch noted that Pakistan had clearly demonstrated its resolve to defend itself in the past and would not “hesitate to do so in the future should the Indian side choose to embark on a misadventure.”

About Indian Union Home Minister Amit Shah’s claim that Azad Kashmir was part of India, she said Jammu and Kashmir was an internationally-recognized disputed territory and the relevant UN Security Council resolutions clearly mandated a plebiscite in the territory for its final determination.

“No amount of inflated Indian statements can change this reality,” Baloch said. “India should, therefore, focus on implementing these resolutions instead of indulging in fantasies of grandeur.”

The Himalayan territory of Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory but claiming it in full.

The western portion of the larger Kashmir region is administered by Pakistan as a nominally self-governing entity, while India rules the southern portion as a union territory.

Baloch urged Indian politicians to stop dragging Pakistan into their domestic politics for “electoral gains” and to handle sensitive strategic matters with “utmost caution.”

“We call upon the international community to take note of Indian leadership’s belligerent rhetoric, which poses a grave threat to regional peace and stability,” she said.

“The vision of peace, progress, and prosperity in South Asia can only be realized through the peaceful resolution of all outstanding disputes, including Jammu and Kashmir, and a shift from confrontation to cooperation.”


Pakistan stocks hit record as fertilizer sales jump, rate cut hopes build

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Pakistan stocks hit record as fertilizer sales jump, rate cut hopes build

  • KSE-100 jumps 1.5 percent to close above 179,000 points for the first time
  • Stocks start 2026 on a strong note amid broad-based institutional buying

ISLAMABAD: Pakistani stocks extended their rally on Friday, with the benchmark index closing above the 179,000-point mark for the first time, driven by strong fertilizer sales data and expectations of further monetary easing by the central bank.

The KSE-100 index rose 2,679.44 points, or 1.52 percent, to close at 179,034.93, compared with its previous close of 176,355.49, according to data from the Pakistan Stock Exchange (PSX).

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said buying interest picked up ahead of key corporate earnings due next week, supported by easing inflationary pressures and improving sector-specific data.

“Rupee gains, strong fertilizer sales growth of 34 percent year-on-year in December 2025 and expectations of further policy easing by the State Bank of Pakistan, after headline inflation slowed to 5.6 percent year-on-year, acted as key triggers for bullish activity at the Pakistan Stock Exchange,” he told Arab News.

Fertilizer sales in Pakistan have shown mixed trends in recent months, with overall offtake affected by weak farm economics and seasonal factors. While urea sales declined in some periods, December data showed a sharp rebound, helping lift investor sentiment in the sector.

This has supported fertilizer stocks on the PSX, including Fauji Fertilizer Company, Engro Fertilizers and Fatima Fertilizer, which continue to draw interest due to their market dominance and dividend payouts.

Samiullah Tariq, head of research and development at Pakistan Kuwait Investment Company Limited, said investors were positioning for another rate cut amid improving macroeconomic indicators.

“Expectations of another rate cut, strong macroeconomic fundamentals and better corporate results are driving the market,” he said.

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, surprising markets after maintaining rates unchanged in its previous four policy meetings. Consumer price inflation eased to 5.6 percent year-on-year in December, while prices declined on a monthly basis.

Friday’s close capped a strong start to 2026 for the PSX, with broad-based institutional buying lifting major sectors and reinforcing investor confidence at the beginning of the year.