Pakistan PM summons National Security Committee meeting as Middle East tensions surge

Pakistan's Prime Minister, Shehbaz Sharif (left), chairing National Security Committee in Islamabad, Pakistan, on June 23, 2025. (Government of Pakistan)
Short Url
Updated 23 June 2025
Follow

Pakistan PM summons National Security Committee meeting as Middle East tensions surge

  • Chaired by the prime minister, NSC is the principal decision-making body on Pakistan’s national security matters 
  • Experts warn Pakistan, which shares a porous border with Iran, may face security, economic challenges as conflict worsens

KARACHI: Pakistan’s premier Shehbaz Sharif has summoned a meeting of the National Security Committee (NSC) today, Monday, an official of the Prime Minister House confirmed amid surging tensions in the Middle East following the United States’ (US) involvement in the Iran-Israel military conflict. 

The NSC is the principal decision-making body on Pakistan’s national security matters. Chaired by the prime minister, it comprises the ministers of defense, foreign affairs, finance, interior, information and senior military leadership. 

The meeting will take place a day after US targeted key Iranian nuclear facilities, joining Israel in its military conflict against Iran which began on June 13. Israel had launched strikes against Iran’s nuclear sites and targeted its military leadership, saying its attack intended to prevent Tehran from developing nuclear weapons. Iran insists its nuclear program is for peaceful purposes. 

“This [NSC meeting] is to happen today,” the official confirmed to Arab News, adding that a statement about the meeting will be released as well. 

The development takes place a day after Pakistan’s mission to the United Nations (UN) announced Islamabad, Beijing and Moscow will present a joint resolution at the UN Security Council calling for an immediate and unconditional ceasefire in the Middle East. 

As per a copy of the draft seen by Arab News, the resolution calls for an immediate and unconditional ceasefire and a diplomatic solution to the nuclear issue to reach an agreement acceptable to all parties that “guarantees the exclusively peaceful nature of the Islamic Republic of Iran’s nuclear program in exchange for complete lifting of all multilateral and unilateral sanctions.”

Pakistan has condemned the US strikes against Iran, with its UN Ambassador Asim Iftikhar Ahmad calling on the Security Council on Monday to act “urgently and decisively,” warning against the danger posed to the populations of the region as the war intensifies. 

Experts warn Pakistan, which shares a 900-kilometer porous border with Iran in its southwestern region prone to separatist militancy and cross-border attacks, will face additional security and economic challenges due to the worsening conflict between Tehran and Tel Aviv. 

Financial analysts have warned that surging global oil prices due to the worsening conflict will cause economic setbacks for Pakistan, which relies on expensive fuel imports for its energy demands. Islamabad is grappling with a macroeconomic crisis amid a precarious balance of payment position. 

The crisis also raises questions about how Islamabad will navigate its delicate balancing act between Iran, other Gulf partners, and the US, which remains one of Pakistan’s largest trading partners and a critical source of military and economic assistance. How Pakistan manages these competing ties amid an escalating regional conflict could test its diplomacy in the coming weeks.


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

Updated 05 March 2026
Follow

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.