Pakistan warns UNSC against dangers of dismantling Palestinian relief agency UNRWA

Pakistan’s Permanent Representative to the UN Ambassador Munir Akram addresses a UN Security Council on a briefing o a briefing on United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in New York, US, on January 28, 2025. (@PakistanUN_NY/X)
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Updated 29 January 2025
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Pakistan warns UNSC against dangers of dismantling Palestinian relief agency UNRWA

  • Israeli lawmakers in October adopted law that bans UNRWA’s operation in Israel, including East Jerusalem 
  • Law has alarmed the UN, some Western allies who fear it would worsen already dire humanitarian crisis in Gaza 

ISLAMABAD: Pakistan has warned against the dangers of dismantling the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), a day before a ban on UNRWA in Israel is implemented tomorrow, Thursday.

Israeli lawmakers in October adopted legislation that bans UNRWA’s operation on Israeli land — including East Jerusalem, which Israel annexed in a move not recognized internationally — and contact with Israeli authorities from Jan. 30.

“Israel seeks to dismantle not only the structures that are critical to provide humanitarian assistance to the Palestinian people, but also to erode the identity of Palestinian people and the rights they possess,” Pakistan’s Permanent Representative to the UN Ambassador Munir Akram said in a statement during a briefing on UNRWA at the UN Security Council.

Akram described the role of UNRWA as being “critical” to the successful implementation of an ongoing ceasefire signed between Hamas and Israel earlier this month, and the provision of adequate humanitarian assistance and reconstruction of Gaza.

UNRWA has said the order to cease operations was contradictory to Israel’s international obligations as a UN member state. UNRWA has a total workforce of about 30,000 people working with Palestinian refugees around the Middle East.

Israeli lawmakers who drafted the law banning UNRWA had cited what they described as the involvement of some of the agency’s staffers in the Oct. 7, 2023, attack on southern Israel and staffers having membership in Hamas and other armed groups. A UN investigation found that nine UNRWA staff may have been involved in the attack and fired them.

The legislation has alarmed the UN and some of Israel’s Western allies who fear it would further worsen the already dire humanitarian situation in Gaza after 15 months of war. The ban does not refer to operations in the West Bank and Gaza. However, the restrictions on Israeli authorities having contact with the agency is likely to impact operations there.

Most of the international community, including the UN, considers East Jerusalem, along with the West Bank and Gaza, to be territory occupied by Israel. However, the Israeli government considers all of Jerusalem to be part of the country.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

https://x.com/toplinesec/status/2006690862483624136

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.