Pakistan offers support as Afghanistan earthquake kills over 800, injures 2,500

Civil defense workers, locals, and army soldiers prepare to evacuate injured victims of an earthquake that killed hundreds and destroyed numerous villages in eastern Afghanistan, in Mazar Dara, Kunar province, on Sept. 1, 2025. (AP)
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Updated 01 September 2025
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Pakistan offers support as Afghanistan earthquake kills over 800, injures 2,500

  • Magnitude 6 earthquake on Sunday night causes devastation in Afghanistan’s Kunar and Nangarhar provinces
  • Afghanistan is prone to deadly earthquakes, with one in June 2022 killing at least 1,000 people across country

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif offered support to Afghanistan on Monday as it reels from one of its deadliest earthquakes, which officials say have killed over 800 people and wounded more than 2,500. 

The magnitude 6 earthquake killed at least 800 people and injured over 2,500 in Afghanistan’s eastern provinces of Kunar and Nangarhar when it took place on Sunday night, Afghan government spokesman Mawlawi Zabihullah Mujahid said. The jolts were felt in several areas of northwestern Pakistan on Sunday night, including the country’s capital Islamabad. However, Pakistan did not report any loss of lives from the calamity. 

“On behalf of the people and government of Pakistan, I extend my heartfelt condolences & prayers to the bereaved families,” Sharif wrote on social media platform X. “We stand in solidarity with our Afghan brothers & sisters in this hour of grief, and we are ready to extend all possible support in this regard.”

The earthquake leveled homes of mud and stone in Afghanistan’s areas bordering Pakistan’s Khyber Pakhtunkhwa province. The quake was Afghanistan’s deadliest since June 2022, when tremors of magnitude 6.1 killed at least 1,000 people in the country. 

The devastation also prompted UN Secretary General António Guterres to offer support to Afghanistan. 

“The UN team in Afghanistan is mobilized and will spare no effort to assist those in need in the affected areas,” Guterres wrote on X. 

Afghanistan is prone to deadly earthquakes, particularly in the Hindu Kush mountain range, where the Indian and Eurasian tectonic plates meet.

A series of earthquakes in its western region killed more than 1,000 people last year, underscoring the vulnerability of one of the world’s poorest countries to natural disasters.

There are fears that the disaster will further stretch the resources of the country, which is already grappling with humanitarian crises, from a sharp drop in aid to a huge pushback of its citizens from neighboring countries Pakistan and Iran. 


Pakistan stocks close at record high over current account surplus, falling bond yields

Updated 18 December 2025
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Pakistan stocks close at record high over current account surplus, falling bond yields

  • KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
  • Pakistan’s central bank posted a current account surplus of $100 million in November

KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.

The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business. 

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.

“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News. 

The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.

Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.

PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.

“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X. 

“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”

The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.

Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.

The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.

Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.