Pakistani and Indian NSAs established contact after New Delhi’s missile strike — Ishaq Dar

National Security advisors of India, Ajit Doval (left) and Lt. Gen. Muhammad Asim Malik's collage image. (AFP)
Short Url
Updated 08 May 2025
Follow

Pakistani and Indian NSAs established contact after New Delhi’s missile strike — Ishaq Dar

  • The Pakistani deputy PM tells a foreign news outlet India’s actions are ‘not condonable’
  • He does not disclose what the NSAs discussed, but Pakistan has vowed to avenge the attack

ISLAMABAD: Pakistani and Indian national security advisers established contact after New Delhi’s missile strikes on Pakistan killed at least 31 people, Pakistani Deputy Prime Minister Ishaq Dar said on Wednesday, marking a rare official communication between the nuclear-armed rivals.
India said it launched the strikes targeting what it described as “terrorist infrastructure” inside Pakistan following a deadly assault on tourists in Indian-administered Kashmir’s Pahalgam area, which it blamed on Pakistan despite Islamabad’s denials.
Pakistan said it shot down five Indian fighter jets and destroyed several border posts in the military clash that followed. Prime Minister Shehbaz Sharif called the Indian missile attacks a “grave mistake” and warned that New Delhi “will have to face consequences.”
In an interview with TRT World, the Pakistani deputy premier said India had done something that “is not condonable.”
“[Dar] confirmed that both a Pakistani national security adviser and Indian national security adviser spoke to each other after last night’s Indian missile strikes in Pakistan, as well as Pakistani-administered Kashmir and then Pakistan’s response, in which Pakistan said that five Indian fighter jets were shot down,” a TRT correspondent in Islamabad reported after the interview.
“However, he did not provide further details, but some people interpret that given the fact that now both sides have established contacts at the level of national security advisers, this means that some form of effort is underway to de-escalate tensions,” he added.
Pakistan recently named Lt. Gen. Muhammad Asim Malik, the head of the Inter-Services Intelligence (ISI), as its National Security Adviser, while his Indian counterpart is Ajit Doval.
The two countries have rarely maintained high-level official contacts in recent years. Pakistan downgraded diplomatic ties after India revoked the special constitutional status of the disputed Kashmir region in 2019 to integrate it with the rest of the Indian union.
The rivals, who have fought multiple wars over the Himalayan region they both claim in full but control in parts, also expelled each other’s diplomats following the recent Pahalgam attack.
It is not clear what the two NSAs discussed during their call, but Pakistan has vowed to retaliate after the missile strikes.


Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

Updated 5 sec ago
Follow

Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

  • Pak-Qatar General Takaful Limited plans to raise up to $1.5 million through initial public offering
  • Institutional investors will get 75% of shares, while the remaining 25% will go to retail investors

KARACHI: Pakistan’s first dedicated non-life Shariah-compliant takaful operator said on Monday it will launch an initial public offering this month, seeking to raise up to Rs 420 million ($1.5 million) as Islamic finance gains traction in the country’s capital markets.

The company, Pak-Qatar General Takaful Limited, said it would issue 30 million shares, with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75% of the shares on offer, while the remaining 25% will be allocated to retail investors.

“Arif Habib Limited has been mandated by Pak-Qatar General Takaful Limited to act as the consultant and book runner for raising funds through the initial public offering,” it announced in a statement.

The book-building process for the offering will take place on Jan. 21-22, it added, with investor registration opening on Jan. 16, while public subscriptions are scheduled for Jan. 28-29.

The offering follows the recent listing of Pak-Qatar Family Takaful Limited, which raised Rs 901 million ($3.23 million) last month in Pakistan’s first Islamic insurance sector IPO, an issue that was oversubscribed several times.

Proceeds from the IPO will be used to strengthen the company’s capital base and support investments in technology, infrastructure and branch expansion, said the statement.

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.