IAEA chief praises Pakistan’s cancer care efforts, vows continued cooperation

The screengrab taken from a video on December 24, 2025, shows Rafael Mariano Grossi, Director General of the International Atomic Energy Agency. (Screengrab/IAEA)
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Updated 24 December 2025
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IAEA chief praises Pakistan’s cancer care efforts, vows continued cooperation

  • Grossi visited Pakistan in February to review cooperation on peaceful nuclear uses, including cancer care
  • He praises Pakistan’s 20 cancer hospitals, vows to expand access to radiotherapy in a video message online

ISLAMABAD: The head of the International Atomic Energy Agency (IAEA) on Wednesday commended Pakistan’s efforts to tackle cancer through its atomic energy commission, highlighting a nationwide network of facilities and trained professionals and underscoring continued collaboration under the agency’s global health initiatives.

Director General Rafael Mariano Grossi visited Pakistan earlier this year in February to review cooperation on the peaceful uses of nuclear technology, including cancer diagnosis and treatment, along with energy and agriculture.

His engagements in the country included visits to the Pakistan Atomic Energy Commission’s cancer hospitals and the inauguration of advanced treatment facilities, and discussions with Prime Minister Shehbaz Sharif on expanding work under the IAEA’s “Rays of Hope” initiative, which aims to boost radiotherapy access in developing countries.

“Cancer deaths are expected to rise by 75 percent by 2050,” Grossi said in a video message posted on the IAEA website. “Developing countries are getting hit the hardest. We must do and are doing more.”

“The Pakistan Atomic Energy Commission, PAC, has established 20 cancer hospitals in the country and trained a fleet of professionals,” he continued, adding that he discussed with the Pakistani prime minister how to widen cooperation in the peaceful uses of nuclear technology.

Reacting to the video message, the foreign office said the country remained committed to strengthening its partnership with the IAEA across all areas of its mandate, particularly the Rays of Hope initiative, to further enhance facilities and expand access to life-saving radiotherapy and diagnostic services.

Pakistan has set up several nuclear medicine facilities that offer treatment to a huge number of patients.

These include the Nuclear Medicine, Oncology and Radiotherapy Institute (NORI) and the Institute of Nuclear Medicine, Oncology and Radiotherapy (INOR).

Grossi said he was determined to widen access to safe and secure radiotherapy and diagnostic imaging services while congratulating Pakistan on achieving notable milestones in the area.


Pakistan stocks hit record high on hopes of rate cut, improved US ties

Updated 19 January 2026
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Pakistan stocks hit record high on hopes of rate cut, improved US ties

  • Benchmark index gains 2,662 points, or 1.44 percent, to close at an all-time high of 187,761 points
  • Engro, UBL, Hub Power, Fauji Fertilizer, Meezan Bank and Service Industries added 1,554 points to index

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a record high as it surpassed the 187,500-point mark on Monday, with analysts citing improving ties with the United States and expectations of an imminent interest rate cut.

The benchmark KSE-100 index gained 2,662.86 points, or 1.44 percent, to close at an all-time high of 187,761.69 points, up from the previous close of 185,098.83 points, according to PSX data.

The stock gains came a day after President Donald Trump invited Prime Minister Shehbaz Sharif to join the so-called “Board of Peace” for Gaza, amid increasing Pakistan-US diplomatic and economic engagement since Trump’s rise to presidency.

“Falling government bond yields and improving Pakistan-US relations played a catalyst role in record close at PSX,” Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News.

Meanwhile, Karachi-based market research firm Topline Securities said bulls extended their rally as hopes of a rate cut by the State Bank of Pakistan (SBP) fueled investor sentiment.

“Investor sentiment remained upbeat, largely fueled by rising expectations of an imminent interest rate cut,” it said in a post on X. “Market participants increasingly priced in a 50bps reduction in the upcoming monetary policy, which kept buying interest alive and underpinned broad-based gains.”

In December, the SBP cut its key policy rate by 50 basis points to 10.5 percent, resuming monetary easing after four meetings in a move that surprised many despite International Monetary Fund guidance to keep policy “appropriately tight” to anchor inflation expectations.

Engro Holdings Limited (ENGROH), United Bank Limited (UBL), Hub Power Company Limited (HUBC), Fauji Fertilizer Company Limited (FFC), Meezan Bank Limited (MEBL) and Service Industries Limited (SRVI) collectively added 1,554 points to the benchmark index on Monday, according to Topline Securities.

“Total market volumes stood at 1,195 million shares, while the value of shares traded amounted to Rs63.7 billion,” the research firm said. “[Bank Makramah Limited] BML led the volume chart, emerging as the most actively traded stock with 246 million shares.”