ISLAMABAD: Iranian Foreign Minister Seyyed Abbas Araghchi will arrive in Pakistan on Monday on a visit to strengthen bilateral relations between the two countries, the Pakistani foreign ministry said.
Pakistan and Iran enjoy close ties and have signed several pacts in trade, energy and security in recent years. The two countries have also been at odds over instability on their shared porous border, but have quickly moved to ease tensions each time.
Pakistan’s foreign ministry said Araghchi will call on the President Asif Ali Zardari, Prime Minister Shehbaz Sharif and Deputy Prime Minister and Foreign Minister, Ishaq Dar, during his visit to Islamabad.
“This high-level visit reflects the deep-rooted and strong relationship between Pakistan and the brotherly nation of Iran,” the Pakistani foreign ministry said in a statement.
“It also underscores the two countries’ shared commitment to strengthening bilateral cooperation across all areas of mutual interest. The two sides will also exchange views on regional and global developments.”
Araghchi’s visit, his second since Nov. last year, comes at a time of heightened tensions in the region since India blamed Pakistan for an attack in the disputed Kashmir region that killed 26 tourists on April 22. Islamabad has denied involvement and called for an international probe into the tragic event.
However, tensions have soared between the nuclear-armed neighbors who have announced a raft of punitive measures against each other, while their forces have exchanged fire along their de facto border in Kashmir.
Prime Minister Narendra Modi has vowed to pursue the attackers “to the ends of the earth” and there have been fears that India may carry out limited airstrikes or special forces raids near the border with Pakistan. A Pakistani minister has said that Islamabad has “credible intelligence” that India is planning to attack Pakistan within days.
Iran has offered to mediate the crisis between Pakistan and India, with Araghchi saying his country was “ready to use its good offices” to resolve the conflict.
Pakistani leaders, who have already reached out to foreign capitals over India’s aggressive posturing since the Kashmir attack, are expected to discuss with Araghchi the latest crisis with New Delhi.
“The visit of Foreign Minister Araghchi is expected to further strengthen the existing ties and enhance cooperation between the two countries,” the Pakistani foreign ministry added.
Iranian FM to arrive in Pakistan today on visit to strengthen ties
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Iranian FM to arrive in Pakistan today on visit to strengthen ties
- The development comes amid tensions in South Asia since India blamed Pakistan for an attack in disputed Kashmir
- Iran has offered to mediate the crisis between Pakistan and India that has raised fears of a wider conflict
Pakistan stock market sees 41% rise in investors in 18 months
- Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
- The rise in the stock market reflects global investors’ confidence in the country, state media says
ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.
Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.
Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.
“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”
The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.
The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.
“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.
On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.
