Pakistani FM in Istanbul to demand Iran-Israel ceasefire at OIC meeting

Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar (left) with Pakistan’s Ambassador to Turkiye, Dr. Yousaf Junaid (right) upon his arrival in Turkiye to attend Organization of Islamic Cooperation (OIC) Council of Foreign Ministers, on June 20, 2025. (@ForeignOfficePk/X)
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Updated 21 June 2025
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Pakistani FM in Istanbul to demand Iran-Israel ceasefire at OIC meeting

  • OIC’s Council of Foreign Ministers (CFM) 51st session will be held from June 21-22
  • Meeting to take place as Iran-Israel conflict intensifies with no sign of either side letting up

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in Istanbul on Friday to attend the 51st session of the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers, his office said, as Israel and Iran continue to engage in military conflict while the humanitarian situation in Gaza deteriorates. 

The 51st session of the OIC Council of Foreign Ministers is expected to focus on coordinated efforts to de-escalate tensions between Iran and Israel, the two regional rivals, along with the ongoing humanitarian crisis in Gaza.

The meeting comes at a time when Middle East tensions are high, with Iran and Israel trading missiles and strikes for seven days now. Pakistan has condemned Israel for launching a surprise attack on Iran’s nuclear facilities and military leadership last Friday, calling for peace and diplomacy to resolve the issue.

“Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, arrived in Istanbul to participate in the 51st Session of the Council of the Foreign Minister (CFM) of the Organization of Islamic Cooperation (OIC) being held on 21-22 June 2025 and to attend the Islamic Cooperation Youth Forum award ceremony where President Erdogan will be honored,” the Foreign Office said in a press release. 
 

 

 

The Pakistani foreign office said Dar was received by Pakistan’s Ambassador to Turkiye, Dr. Yousaf Junaid, Consul General Nauman Aslam and the representatives of the Turkish ministry of foreign affairs. 

“During the plenary session, the DPM/FM will share Pakistan’s perspective on the developments in South Asia following the ceasefire arrangement between Pakistan and India and the situation in the Middle East after Israel’s recent aggression against Iran and other regional states,” the foreign office spokesperson, Shafqat Ali Khan, said in a statement on Thursday. 

He added that Dar would advocate for peace in the Middle East and highlight the need for humanitarian assistance to the people of Gaza during the meeting on June 21 and 22.
Beyond the Middle East, Dar is also expected to address broader issues of concern to the Muslim world, urging the international community to “combat the escalating tide of Islamophobia” by addressing rising extremism and militancy, as well as the growing threat of climate change.

He will also reaffirm Pakistan’s commitment to the principles and objectives of the OIC in addressing challenges faced by Muslim nations globally.

Dar, who also holds the portfolio of foreign minister, is scheduled to hold bilateral meetings with his counterparts from other OIC member states on the sidelines of the conference.

The high-level meeting is taking place amid media reports that the United States is weighing options, including potentially joining Israeli strikes on Iranian nuclear sites.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.