Sharif says peace with India a ‘fool’s paradise’ without Kashmir settlement

Prime Minister Shehbaz Sharif addresses the overseas Pakistani community in London, UK, on September 21, 2025. (Screengrab/PTV News)
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Updated 21 September 2025
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Sharif says peace with India a ‘fool’s paradise’ without Kashmir settlement

  • Both countries administer parts of disputed Kashmir territory but claim it in full 
  • India, Pakistan engaged in brief military conflict in May, killing 70 in both countries

ISLAMABAD: Prime Minister Shehbaz Sharif reiterated Pakistan’s desire to improve relations with India on Sunday but said it was only possible through the resolution of the longstanding dispute between the two nations on the Kashmir territory. 

India and Pakistan, who have fought two out of three wars over the disputed Himalayan territory since 1947, each administer parts of Kashmir but claim it in full. Ties between the two nuclear-armed neighbors hit their lowest in years in May after an attack in Indian-administered Kashmir in April triggered a brief military confrontation between the two. 

Over 70 people were killed in both countries as India and Pakistan traded missiles, artillery fire and bombed each other with fighter jets and drones before Washington brokered a ceasefire on May 10. 

Speaking to Pakistani expatriates at an event in London, Sharif said Pakistan desired peaceful relations with India, adding that it was for both nations to decide whether they wanted to live in peace or conflict. 

“But for that to happen, the resolution of the Kashmir dispute is a basic pillar,” Sharif said. “If anyone thinks that without the resolution of the Kashmir dispute our bilateral relations can be restored, he is living in a fool’s paradise,” he added. 

He praised the country’s military leadership for defending Pakistan successfully during the days-long military confrontation between the two neighbors in May.

Speaking on rising tensions in the Middle East, the Pakistani prime minister also condemned Israel’s war on Gaza. Sharif lamented that it had killed over 65,000 Palestinians since October 2023, noting that the world had neither seen nor heard of such atrocities before. 

“I believe the time has come that we need peace in this region,” he said. “And the Islamic world must step forward and talk about peace.”

The fragile ceasefire between India and Pakistan, brokered by US President Donald Trump on May 10, continues to persist, but tensions remain high. India has vowed to hold in abeyance a 1960 water-sharing treaty that decides the use of the Indus River system between India and Pakistan. 

However, Pakistan has warned that it will not allow India to divert or restrict the flow of its water. Islamabad has said it would treat India’s attempts to do so as an “act of war.”


Pakistan stock market sees 41% rise in investors in 18 months

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Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.