Pakistan PM on regional diplomacy tour of Turkiye, Iran and Central Asia after India standoff

Pakistan Prime Minister Shehbaz Sharif waves in Lahore, Pakistan, on May 25, 2025, as he departs for a two-day visit to Türkiye. (Government of Pakistan)
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Updated 25 May 2025
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Pakistan PM on regional diplomacy tour of Turkiye, Iran and Central Asia after India standoff

  • The development comes weeks after Pakistan and India traded missile, drone and artillery strikes before agreeing to a truce on May 10
  • During the four-day conflict, several friendly nations supported Pakistan’s demand for a probe into an attack that triggered the standoff

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday embarked on a five-day tour of Turkiye, Iran, Azerbaijan and Tajikistan to thank their leadership for supporting Islamabad during this month’s military conflict with India, Sharif’s office said.

Pakistan and India this month traded missile, drone and artillery strikes for days, killing around 70 people on both sides, before agreeing to a United States-brokered ceasefire on May 10. The conflict, the worst between the neighbors in decades, was triggered by an attack on tourists in Indian-administered Kashmir on April 22 that New Delhi blamed on Pakistan. Islamabad denies complicity.

During the standoff, several friendly nations supported Pakistan’s demand for a credible, international probe into the attack as they urged the nuclear-armed archfoes to exercise restraint and avoid miscalculation of the other’s military capabilities.

On Sunday, Sharif left for Turkiye on the first leg of his four-nation tour, accompanied by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Minister for Information and Broadcasting Attaullah Tarar and Special Assistant Tariq Fatemi.

“During the tour, the prime minister will have wide-ranging discussions with the leaders of these countries on an entire range of issues covering bilateral relations and matters of regional and international importance,” Sharif’s office said.

“He will thank friendly countries for the support they have given to Pakistan during the recent crisis with India.”

Turkish President Tayyip Erdogan will hold talks with Pakistan’s Prime Minister Shehbaz Sharif in Istanbul on Sunday, Erdogan’s head of communications said.

“During the meeting, bilateral relations, regional and international issues, including the fight against terrorism, will be discussed,” Fahrettin Altun said on X.

Bitter rivals India and Pakistan have fought three wars, including two over the disputed region of Kashmir, since gaining independence from British rule in 1947. Both claim the Himalayan territory in its entirety but rule it in part. The conflict had raised fears that it could spiral into a full-blown war.

Both countries have separately announced sending delegations to key capitals and friendly countries to present their stance on this month’s standoff before the world, in a bid to gain world support.

During his visit aimed at furthering Pakistan’s diplomatic outreach, Sharif will also attend an International Conference on Glaciers in Dushanbe, Tajikistan on May 29-30, according to the Sharif’s office.

The conference aims to advance global efforts in climate adaptation and resilience, with a specific focus on addressing glacial melting.

Pakistan is highly vulnerable to climate change, facing numerous impacts like rising temperatures and increased frequency of extreme weather events.

Officials say unusually high temperatures in Pakistan’s northern areas have resulted in rapid melting of glaciers, warning that the prolonged phenomenon could lead to water shortages and threaten lives in the long run.


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.