Pakistan PM urges Security Council to end Israel’s ‘genocidal war’ in Gaza, demands sanctions

Palestinians search for survivors amid the rubble of a building, which collapsed after Israeli bombardment on a building adjacent to it, in the Sheikh Radwan neighborhood in Gaza City on September 23, 2024, amid the ongoing war between Israel and the Hamas group. (AFP)
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Updated 26 September 2024
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Pakistan PM urges Security Council to end Israel’s ‘genocidal war’ in Gaza, demands sanctions

  • The prime minister says the world body can no longer ignore the ‘festering’ dispute in Kashmir
  • Sharif seeks effective measures against the ‘resurgence of the threat of terrorism from Afghanistan’

ISLAMABAD: Prime Minister Shehbaz Sharif urged the United Nations Security Council to end Israel’s “genocidal war” against the people of Palestine and impose sanctions against it while participating in the “Leadership for Peace” debate on Wednesday.
Israel launched a military operation in Gaza following a surprise attack by Hamas on October 7, 2023, which the group said was in response to the worsening conditions faced by Palestinians under Israeli occupation.
Since then, the conflict has claimed over 43,000 lives, including a significant number of women and children, according to Palestinian health officials.
World bodies, including the International Court of Justice, have condemned Israel’s occupation of Palestinian territories and criticized the conduct of the war, which has targeted hospitals and residential areas, leading to disproportionate civilian casualties.
“We must compel Israel to halt its genocidal war in Gaza and prevent its attempt to provoke a wider conflict in the Middle East,” the prime minister said in a brief statement. “It is time to consider sanctions against Israel, including an arms and trade embargo.”
“It is time to hold its leadership accountable for its crimes against the Palestinian people,” he added.




Pakistan Prime Minister Speaks during UN Security Council’s open debate on “Leadership for Peace” on the sidelines of 79th UNGA in New York on September 25, 2024. (Screengrab/UN)

The prime minister noted that proliferating wars in the Middle East and Europe along with great power rivalries and growing poverty were threating the foundations of world order.
He urged the Security Council to develop an impartial plan for a ceasefire and peaceful solution for the war in Ukraine and not allow its prolongation or escalation.
Sharif also discussed the situation in Indian-administered Kashmir, saying the UN could no longer ignore the “festering” dispute.
“It poses an ever present threat to international peace and security,” he maintained. “The Council must call for a halt to the massive violations of the fundamental rights of the Kashmiri people and implement its own resolutions that demand a plebiscite for self-determination in Kashmir.”
The prime minister expressed concern over the regional security situation, asking the world body to “effectively address the resurgence of the threat of terrorism from Afghanistan” while mentioning Daesh and Tehreek-e-Taliban Pakistan.
He called for “zero tolerance” for the illegal use of force and revival of global efforts to halt and reverse the arms race in nuclear and conventional weapons, promising his country’s full cooperation with other member states to pursue these objectives.

The prime minister later met with Palestinian President Mahmoud Abbas and later told the media that ” the sacrifices of Palestinian brothers and sisters, their patience, their bravery will not go [to] waste and Insha’Allah it will result in [the] independent State of Palestine.”
Abbas also acknowledged Pakistan’s unstinting support, saying it began even before 1948.
“Their [the Pakistani] position is fully with the Palestinian people and they help the Palestinian people as much as they can,” he added.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.