ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar has arrived in New York to attend a United Nations Security Council (UNSC) meeting on multilateralism and global governance, state-run media reported on Monday.
The meeting will be chaired by Chinese Foreign Minister Wang Yi on Feb. 18, as China holds the council’s rotating presidency for the month. The deliberations come at a time of growing concerns about multilateralism, particularly after United States President Donald Trump’s return to the White House, and a growing number of conflicts around the world.
“Pakistan’s Deputy Prime Minister (DPM) and Foreign Minister (FM), Senator Mohammad Ishaq Dar, flew into New York on Sunday afternoon to participate in the high-level meeting of the United Nations Security Council (UNSC) on multilateralism and global governance set for Tuesday,” the state-run Associated Press of Pakistan (APP) reported on Monday.
APP said Pakistan welcomes the “timely initiative” by China to hold the meeting, saying that it underscores the critical importance of multilateralism in addressing today’s global challenges.
The Pakistani deputy prime minister will reaffirm Pakistan’s strong commitment to the principles of multilateralism and the central role of the United Nations in promoting international peace, security, and sustainable development, the state-run media said. He will also highlight Pakistan’s priorities as a non-permanent member of the Security Council, emphasizing the importance of dialogue, cooperation, and inclusive global governance.
Pakistan was elected as a non-permanent member of the UNSC for the 2025-2026 term in June 2024 with 182 out of 193 votes and officially began its two-year tenure on January 1, 2025.
“On the sidelines of the UNSC meeting, the DPM/FM is also expected to hold bilateral meetings with his counterparts, as well as senior UN officials,” APP said.
Dar is also expected to give interviews to media and hold a press conference for US-based Pakistani journalists.
Pakistan’s deputy PM in New York to attend Security Council meeting on multilateralism
https://arab.news/zmz7m
Pakistan’s deputy PM in New York to attend Security Council meeting on multilateralism
- Pakistan to reaffirm strong commitment to multilateralism in meeting scheduled to be held on Feb. 18
- Summit comes at a time of growing concerns about multilateralism amid increasing conflicts worldwide
Pakistan stocks plunge in record one-day fall as selling pressure grips market
- KSE-100 sheds 6,683 points, steepest drop in its history
- Foreign selling, thin Ramadan trading volumes deepen rout
ISLAMABAD: Pakistan’s benchmark stock index posted its sharpest single-day decline on Thursday, as heavy selling by foreign investors and financial institutions triggered a broad market rout amid reduced trading activity during Ramadan.
The KSE-100 index closed at 172,170, down 6,683 points, after falling as much as 7,205 points intraday in a session marked by extreme volatility and persistent selling pressure, according to market data.
The selloff came as investors remained cautious in the face of continued foreign corporate outflows, while local insurance companies also emerged as major sellers, further weakening sentiment and accelerating losses.
“Carnage was witnessed at the local bourse as the KSE-100 Index suffered its steepest single-day fall in history,” brokerage Topline Securities said in a market note, adding that institutional selling intensified the downward momentum.
“Persistent foreign corporate selling continued to dampen sentiment and keep investors on the sidelines.”
Trading hours shortened for Ramadan also contributed to sharp price swings, as thinner volumes amplified market moves and reduced liquidity.
Major index-heavy stocks including Fauji Fertilizer Company, Engro Holdings, United Bank Limited, Oil & Gas Development Company, Pakistan Petroleum Limited and Meezan Bank led the decline, collectively wiping more than 2,100 points off the benchmark.
Overall activity remained subdued, with total trading volumes recorded at 542 million shares and turnover at Rs27.36 billion ($97.6 million ). WorldCall Telecom led the volumes chart with over 84 million shares traded.
Analysts said the combination of institutional selling and limited participation heightened volatility, leaving investors wary in the near term.
