Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security

Pakistan Navy chief Admiral Naveed Ashraf (second from right) gets a briefing during his visit to Malaysia on February 8, 2026. (Pakistan Navy)
Short Url
Updated 08 February 2026
Follow

Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security

  • Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security
  • Navy chief calls for strengthened cooperation between hydrographic offices of both countries 

ISLAMABAD: Pakistan Navy chief Admiral Naveed Ashraf is in Malaysia where he held talks with the leadership of the Royal Malaysian Navy (RMN) to enhance operational cooperation, capacity building and responses to maritime security challenges, the Pakistani Navy said on Sunday.

Pakistan and Malaysia have historically enjoyed close ties ever since they established diplomatic ties in 1957. Both countries have strengthened cooperation in various sectors such as defense, trade, economy, manpower exports and education over the years.

Ashraf was received at the RMN’s headquarters by Admiral Tan Sri (Dr.) Zulhelmy bin Ithnain, the RMN chief, Pakistan’s Navy said in a statement. 

“Discussions focused on aligning strategic perspectives and enhancing operational cooperation, capacity building, and coordinated responses to maritime security challenges,” the statement said. 

Ashraf highlighted Pakistan Navy’s contributions to regional stability through the Regional Maritime Security Patrols and its participation in the Combined Maritime Forces.

He also visited Malaysia’s National Hydrographic Center, calling for strengthened cooperation with Pakistan’s National Hydrographic Office in training, data exchange, and professional collaboration.

“The visit reaffirmed the enduring Pakistan-Malaysia naval partnership and commitment to future-oriented maritime cooperation,” Pakistan Navy said. 

Pakistan’s army, navy and air force have aimed to strengthen bilateral cooperation with their counterparts since last year when Pakistan and India were embroiled in a brief military confrontation. 

Both countries pounded each other with missiles, drone strikes, fighter jets and artillery fire for four days until Washington brokered a ceasefire between them on May 10. 


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.