PM reaffirms Pakistan’s support for Tehran in call with Iranian president

Pakistan Prime Minister Shehbaz Sharif meets Iranian President, Masoud Pezeshkian (right), on the sidelines of the 11th D-8 Summit in Cairo, Egypt, on December 19, 2024. (APP/File)
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Updated 15 June 2025
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PM reaffirms Pakistan’s support for Tehran in call with Iranian president

  • President Masoud Pezeshkian calls for greater Muslim unity in the face of escalating regional threats
  • Pakistan’s defense minister also urges Muslim countries to sever their diplomatic relations with Israel

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday urged the international community and the United Nations to take “urgent and credible steps” to end Israel’s war in Iran, during a phone call with Iranian President Masoud Pezeshkian, according to a statement from his office.

Israel launched surprise attacks on Iranian nuclear and military facilities in the early hours of Friday amid Tehran’s negotiations with Washington over its nuclear program. The strikes killed several senior military commanders and nuclear scientists, according to Iranian media, and also caused civilian casualties.

Israel, at war in the region since October 2023, initially launched a military campaign against Gaza following a Hamas assault, which the Palestinian group said was retaliation for decades of oppression. Since then, the Israeli government has expanded its military operations to neighboring Muslim states such as Syria and Lebanon before targeting Iran.




This handout picture released by the Iranian Red Crescent on June 14, 2025, shows Iranian Red Crescent volunteers gathered in front of a building destroyed in an Israeli strike in Tehran. (Iranian Red Crescent/AFP)

Sharif said Pakistan stood in “resolute solidarity” with Iranian people and government during his conversation with the Iranian president.

“The Prime Minster denounced Israel’s blatant provocations and adventurism as a grave threat to regional and global peace and stability,” said the statement released by his office after the phone call.

“He urged the international community and the United Nations to take urgent and credible steps to put an end to Israel’s aggressive behavior and its illegal actions,” it added. “He stated that Pakistan was fully committed to promoting peace in the region and stood ready to play its role in this context.”

Sharif also conveyed condolences over the loss of life in Friday’s Israeli strike and recalled Pakistan’s statement of support for Iran during an emergency session of the UN Security Council a day earlier.

The Iranian President thanked Pakistan for its solidarity and support and called for greater unity among Islamic countries in the face of escalating regional threats.

UNIFIED STRATEGY

Earlier in the day, Pakistan’s Defense Minister Khawaja Asif urged Muslim nations to adopt a unified strategy to counter Israel, warning that failure to act collectively would leave them vulnerable, as he expressed full diplomatic support to Iran in a speech to the National Assembly following Israeli strikes.

“Just as Israel is currently targeting Yemen, Iran, and Palestine, if the Muslim world does not unite today and continues to prioritize its own interests and agendas, then everyone’s turn will come,” he told lawmakers.

“An OIC meeting should be convened, and all Muslim countries must come together to devise a strategy through which Israel can be confronted collectively,” he continued. “There is a need for an initiative that reflects the unity of the Islamic world. Wherever there are diplomatic ties with Israel in the Muslim world, they should be severed.”

The Pakistani minister added the Muslim world remained “militarily vulnerable” and voiced what he described as Pakistan’s unwavering solidarity with Iran.

NO NUCLEAR TALKS
The Iranian foreign ministry also announced during the day it would no longer take part in planned nuclear negotiations with the United States in Oman, calling them “meaningless” while Israeli attacks continued.

“It is obvious that in such circumstances and until the Zionist regime’s aggression against the Iranian nation stops, it would be meaningless to participate in dialogue with a party that is the biggest supporter and accomplice of the aggressor,” an Iranian spokesperson said, according to international wire agencies.

Israel’s defense minister also warned “Tehran will burn” if Iran continued to launch missiles at Israeli cities. Iran had retaliated on Friday night by launching a barrage of missiles at Israel, with explosions lighting up the skies over Jerusalem and Tel Aviv.

Just a day earlier, hours after Israel targeted Iran, Pakistan’s envoy to the UN, Ambassador Asim Iftikhar Ahmad, condemned the strike on Iran’s military and nuclear infrastructure, calling it a violation of international law.

“Iran has the right to self-defense under Article 51 of the UN Charter,” he said, urging all sides to avoid further escalation and emphasizing the need to resolve tensions through diplomacy.


Pakistani stocks hit record high on UAE investment optimism

Updated 5 min 43 sec ago
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Pakistani stocks hit record high on UAE investment optimism

  • Pakistan is in talks with the UAE to convert its $1 billion loan into equity investment
  • The KSE-100 index on Monday gained 1,495.61 points to close at 173,896.34 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday closed at an all-time high of 173,896 points, traders and analysts said, attributing it to investor confidence in a prospective United Arab Emirates (UAE) investment in a Pakistani conglomerate, Fauji Foundation.

The benchmark KSE-100 index gained 1,495.61 points, or 0.87%, to close at 173,896.34, up from the previous close of 172,400.73. The index crossed 174,000 points during intra-day trading, with Pakistan's Finance Adviser Khurram Schehzad calling it a "strong start" to the week.

Ahsan Mehanti, Chief Executive Officer of Arif Habib Commodities, said the government’s deliberation on the privatization of ailing state-owned enterprises, rupee stability, and surging crude oil prices also played a catalytic role in the bullish trend.

"Stocks closed all-time high as investor eye UAE $1 billion rollover liability set to end [by] acquiring shareholding in Fauji Foundation," he told Arab News.

The development came days after Pakistan's Deputy Prime Minister Ishaq Dar said the country was seeking to convert part of its financial support from the UAE into long-term investment to reduce external debt.

Pakistan has been in talks with the UAE to convert its $1 billion loan in deposits into equity investment, potentially involving stakes in companies linked to the Fauji Fertilizer Group — a move that would eliminate Pakistan’s repayment obligation.

Since Jan 2025, the PSX has delivered more than 50% returns in US dollar terms, making it one of the best markets in Asia, with 2025 being another year of strong gains for investors, according to Schehzad.

"Investor participation is rising fast — the equity investor base has crossed 450,000, up 120,000+ investors (+37%) in 18 months," he said on X.

"These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth."

In recent years, Pakistan has implemented stringent structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.

The South Asian country’s foreign exchange reserves have also risen past the $21 billion mark, according to the central bank’s latest data.