Pakistan backs Yemen unity, supports Riyadh talks amid regional tensions

A Pakistani police officer stands guard outside the Ministry of Foreign Affairs in Islamabad on January 18, 2024. (AFP/File)
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Updated 03 January 2026
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Pakistan backs Yemen unity, supports Riyadh talks amid regional tensions

  • Pakistan urges Yemeni stakeholders to work ‘in good faith’ toward a negotiated political solution
  • Ishaq Dar discusses regional situation with the Saudi and Emirati foreign ministers from Beijing

ISLAMABAD: Pakistan on Saturday welcomed a call by Yemen’s Presidential Leadership Council for political dialogue in Riyadh among all factions on the ground, reaffirming its support for Yemen’s unity following a “limited” airstrike by a Saudi-led coalition targeting weapons shipments from the United Arab Emirates to the port city of Mukalla in southern Yemen.

The coalition forces spokesperson said the weapons were meant to support the Southern Transitional Council (STC) forces, backed by the UAE, in Yemen’s Hadramaut and Al-Mahra “with the aim of fueling the conflict.”

Rashad Al-Alimi, President of the Yemeni Presidential Leadership Council, requested the Saudi authorities hold a conference bringing together all factions in southern Yemen, prompting the Kingdom to invite them “to develop a comprehensive vision” for the future.

“Pakistan welcomes the call by Yemen’s Presidential Leadership Council to hold comprehensive talks in Riyadh and once again urges all Yemeni stakeholders to engage in good faith toward a negotiated political solution based on agreed parameters,” the foreign office said in a statement.

“Pakistan reaffirms its steadfast support for the unity and territorial integrity of Yemen,” it added.

The diplomatic messaging was reinforced by Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, who spoke separately by phone from Beijing with Saudi Foreign Minister Faisal bin Farhan and UAE Foreign Minister Abdullah bin Zayed Al Nahyan.

The foreign office said Dar welcomed the Saudi foreign ministry’s recent statement on Yemen and expressed appreciation for efforts by all sides to resolve the regional situation amicably, while also noting that dialogue and diplomacy had produced “tangible outcomes on the ground.”

Dar arrived in Beijing earlier in the day, where he is due to co-chair the 7th Pakistan-China Foreign Ministers’ Strategic Dialogue with Wang Yi on Sunday. He will also attend events marking the start of the 75th year of Pakistan-China diplomatic relations, with commemorative initiatives planned throughout 2026.


Pakistani stock market breaches 182,000-mark as cash inflows extend new year rally

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Pakistani stock market breaches 182,000-mark as cash inflows extend new year rally

  • KSE-100 index gained 3,373.30 points, or 1.88%, to close at 182,408.23 points
  • The stock market has delivered 4.8% returns in the first three sessions of 2026

KARACHI: Pakistani stocks extended their new year rally and breached the 182,000-point mark for the first time ever on Monday, with analysts attributing the gains to a fresh wave of cash inflows driven by increased liquidity.

The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) gained 3,373.30 points, or 1.88%, to close at 182,408.23, up from the previous close of 179,034.93.

Shahid Ali Habib, chief executive officer (CEO) at Arif Habib Limited, said a fresh wave of inflows from domestic institutions has fueled the strong start to the new year, with the index continuing to touch new all-time highs.

“Aggressive buying was seen today in blue chips which took the KSE-100 through the 180k mark,” he told Arab News.

“UBL (United Bank Limited), HBL (Habib Bank Limited) and ENGROH (Engro Holdings) contributed more than 1,000-points of the total 3,300-points DoD (day to day) gain (+1.88%).”

Pakistan’s stock market has marked a strong start to 2026 as broad-based institutional buying lifted major sectors and bolstered investor confidence at the beginning of the year.

The stock market has delivered a 4.80% return (8,353.92 points) in the first three sessions of 2026, according to Topline Securities market research firm.

Najeeb Ahmed Khan Warsi, chief business officer at Al-Habib Capital Market Private Limited, said the surge was driven by liquidity influx, positive listed company results and supportive government policies.

“With economic data fueling investor confidence, the bullish trend continues,” he added.

Ahsan Mehanti, the CEO of Arif Habib Commodities said the bullish activity was led by “industrials on weak global crude prices.”

“Upbeat data on fertilizer sales surging by 34pc YoY [year on year] and oil sales up 6pc YoY in Dec’25 and strong rupee played catalyst role in record close at PSX,” he said.