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Pakistan’s Sharif to visit Ƶ on Oct. 26 for Future Investment Initiative conference 

Pakistan’s Sharif to visit Ƶ on Oct. 26 for Future Investment Initiative conference 
A handout picture provided by the Saudi Press Agency (SPA) on September 17, 2025, shows Ƶ's Crown Prince Mohammed bin Salman (R) welcoming Pakistan's Prime Minister Shehbaz Sharif ahead of their meeting in Riyadh. (AFP/ file)
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Pakistan’s Sharif to visit Ƶ on Oct. 26 for Future Investment Initiative conference 

Pakistan’s Sharif to visit Ƶ on Oct. 26 for Future Investment Initiative conference 
  • Global conference brings together world leaders, policymakers and investors to explore investment opportunities
  • Shehbaz Sharif to hold talks with Saudi Crown Prince Mohammed bin Salman during four-day trip, says source

Islamabad: Prime Minister Shehbaz Sharif will visit Ƶ on Oct. 26, his office confirmed on Monday, while a source with direct knowledge of the trip confirmed the premier will attend the annual Future Investment Initiative (FII) conference in Riyadh and hold talks with the Saudi leadership. 

The ninth edition of the FII is scheduled to be held from Oct. 27 to Oct. 30 in Riyadh. The unitive was launched in October 2017 by Ƶ’s Public Investment Fund in conjunction with its Vision 2030 economic reform strategy. 

The annual conference brings together global leaders, policymakers, investors, entrepreneurs and innovators to explore future investment opportunities, stimulate innovation and advance emerging technologies such as artificial intelligence, robotics, green finance and to help shape the future of the global economy. 

“Yes, the PM is visiting Ƶ on Oct. 26,” the Prime Minister’s Office told Arab News when asked about Sharif’s visit to the Kingdom. It did not provide further details of the visit. 

However, a source with direct knowledge of the prime minister’s visit confirmed that Sharif will attend the FII conference and hold bilateral talks with the Saudi leadership, including Crown Prince Mohammed bin Salman, during the four-day trip to the Kingdom. 

Sharif visited Ƶ last month where he met the Saudi crown prince and signed a landmark strategic defense deal with the Kingdom. The pact stipulates that any act of aggression against one country will be considered an attack against both, underscoring their deep strategic partnership. 

It encompasses a comprehensive framework for defense cooperation, including joint military training, intelligence sharing, collaborative exercises, and technology exchange, reflecting the growing trust and alignment between the two nations. 

Ƶ remains a key economic and strategic partner for Pakistan. In October last year, the two countries signed 34 agreements and memoranda of understanding worth $2.8 billion. The MoUs were aimed at boosting private sector collaboration and commercial partnerships between the brotherly nations. 

Riyadh has also extended vital support to Pakistan in the past when the South Asian country grappled with economic crises, providing it crucial external financing and assistance necessary for the International Monetary Fund’s (IMF) loan programs.

Ƶ is also home for over 2.5 million Pakistani expatriates, serving as the largest source of foreign remittances for Islamabad. These remittances serve as a key lifeline for Islamabad’s fragile $350 billion economy.


Pakistan stocks gain over 2,400 points buoyed by Afghanistan ceasefire, IMF deal

Pakistan stocks gain over 2,400 points buoyed by Afghanistan ceasefire, IMF deal
Updated 12 sec ago

Pakistan stocks gain over 2,400 points buoyed by Afghanistan ceasefire, IMF deal

Pakistan stocks gain over 2,400 points buoyed by Afghanistan ceasefire, IMF deal
  • KSE-100 index gained by 2,436.69 points or 1.49 percent to close at 166,242.90
  • Pakistan, Afghanistan agreed to ceasefire on Sunday after fierce clashes killed dozens

ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday with the KSE-100 benchmark gaining by over 2,436.69 points, which financial analysts attributed to optimism from investors after Pakistan’s recent ceasefire agreement with Afghanistan and its staff-level agreement with the International Monetary Fund (IMF). 

As per details shared by the PSX, the KSE-100 index gained over 2,400 points or by 1.49 percent to close at 166,242.90 on Monday. The stock market closed at 163,806.2 points when trading last ended on Friday.

Positive investor sentiment dominated the market a day after Pakistan and Afghanistan signed a ceasefire agreement in Doha. The two countries had indulged in fierce clashes earlier this month that left dozens dead and triggered border closures between the two states. 

“Bullish activity witnessed amid reports of ceasefire in cross-border conflict with Afghanistan and the IMF staff-level deal for the release of IMF tranche,” Ahsan Mehanti, the chief executive officer at Arif Habib Commodities, told Arab News. 

The IMF and Islamabad last week reached a staff-level agreement for the second review of the lender’s 37-month Extended Fund Facility program and for the first review of its 28-month Resilience and Sustainability Facility package for Pakistan.

Mehanti also credited surging global equities and speculations in the earnings season for playing the role of a catalyst in bullish activity at the PSX.

Maaz Mulla, vice president of equity sales at brokerage firm Topline Securities Limited, agreed the stock market euphoria was fueled by a “major diplomatic breakthrough” between Pakistan and Afghanistan a day earlier. 

“The accord, emphasizing mutual respect for sovereignty and territorial integrity, was welcomed by investors as a sign of improving regional stability and potential economic cooperation,” he noted.

Mulla highlighted that banking heavyweights such as Habib Bank Limited (HBL), United Bank Limited (UBL), Bank of Punjab (BOP), National Bank of Pakistan (NBP) and Askari Bank Limited (AKBL) contributed 989 points collectively to the index rally, while 229 million shares of K-Electric (KEL) were also traded.

“Trading activity reflected this optimism, with volumes soaring to 1,476 million shares and market turnover reaching Rs51.8 billion [$184 million],” he continued.

“Ceasefire-driven optimism set a constructive tone for the week, reinforcing confidence in the market’s upward momentum.”


New Khyber Pakhtunkhwa chief minister vows to end political arrests, blames center for ‘terrorism’ resurgence

New Khyber Pakhtunkhwa chief minister vows to end political arrests, blames center for ‘terrorism’ resurgence
Updated 32 min 11 sec ago

New Khyber Pakhtunkhwa chief minister vows to end political arrests, blames center for ‘terrorism’ resurgence

New Khyber Pakhtunkhwa chief minister vows to end political arrests, blames center for ‘terrorism’ resurgence
  • Sohail Afridi chairs first formal meeting as chief minister of Khyber Pakhtunkhwa to discuss law and order, governance
  • Afridi urges federal government to release funds for KP to battle militants, vows to take action against corruption in province 

ISLAMABAD: The new chief minister of Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province, Sohail Afridi, on Monday vowed to end political arrests, blaming the federal government for its “wrong policies” that he said had led to the resurgence of “terrorism” in the area. 

Afridi chaired his first formal meeting as the new chief executive of the province after getting elected to the post last week. A legislator from Bara district near the Afghan border, Afridi was elected to the chief minister’s post last Monday by KP lawmakers. His predecessor, Ali Amin Gandapur, stepped down as KP chief minister earlier this month after former prime minister Imran Khan, whose Pakistan Tehreek-e-Insaf (PTI) party has its government in the province, ordered him to resign. 

 The new chief minister is expected to face significant challenges in governing the province, which include rebuilding provincial finances and curbing cross-border militancy. Afridi has vowed to reform the provincial police as KP, which borders Afghanistan, has witnessed a resurgence of militant attacks by the Tehreek-e-Taliban Pakistan (TTP) and other militant groups in recent months.

“No one will be arrested in political FIRs [first information reports],” Afridi said during the meeting, according to a press release issued by the chief secretary’s office.

“FIRs that have been registered for political revenge. Khyber Pakhtunkhwa has its own unique political culture and we will not let it be spoiled,” he added. 

Afridi said under his administration, no political individual would be detained under the Maintenance of Public Order (MPO). Under the MPO, authorities can arrest a person to maintain public order and extend the period of such detention for a period not exceeding six months at a time.

The PTI-led KP government in the past has differed with the federal government on the issue of militancy. While Islamabad has blamed the provincial government for failing to rein in militants, the KP government has accused the center of not taking it into confidence regarding military operations. 

The KP government under Gandapur also blamed the center for not releasing funds that would help the province battle militants, a charge Islamabad has denied. 

“Law and order is our top priority and cannot be compromised,” Afridi said. “Police will not face any shortage of funds; all required resources will be provided on priority.”

He said that the provincial police will be equipped with “modern tools and weaponry” required to battle militants, praising KP police for rendering sacrifices in the battle against militancy over the years. 

“Due to wrong federal policies, terrorism has resurfaced in the province,” the chief minister said. “The federal government is not providing us with the War on Terror funds and other constitutional rights.”

Afridi said his government would ensure corruption does not take place in the province, warning that there would be no compromise on transparency and merit in governance matters such as transfers and postings.

Participants of the meeting included the provincial chief secretary, inspector general of police, additional chief secretary, administrative secretaries and other senior police officials. 

All divisional commissioners, deputy commissioners, regional police officers and district police officers of the province also participated via video link.


Pakistan ride luck to reach 177-3 in second South Africa Test

Pakistan ride luck to reach 177-3 in second South Africa Test
Updated 20 October 2025

Pakistan ride luck to reach 177-3 in second South Africa Test

Pakistan ride luck to reach 177-3 in second South Africa Test
  • South African spinners dismiss Babar Azam (16) and Abdullah Shafiq (57)
  • Pakistan won the first Test match against South Africa in Lahore by 93 runs 

RAWALPINDI: Pakistan took advantage of some poor South African fielding to reach 177-3 at tea on the opening day of the second and final Test in Rawalpindi on Monday.

Despite their fielding lapses South Africa’s spinners removed Abdullah Shafqiue (57) and Babar Azam (16) to check the momentum of the hosts, who won the toss on a spin-friendly pitch.

Shan Masood, dropped on 71 off a luckless Keshav Maharaj, was unbeaten on 77 with two fours and three sixes while Saud Shakeel was six not out at the break.

Shafqiue’s chancy knock finally ended when he edged Simon Harmer to wicketkeeper Kyle Verreynne after adding an invaluable 111 runs for the second wicket with skipper Masood.

Azam, again cheered by a home crowd willing him to return to form, fell after Tony de Zorzi took a low catch at silly point for Maharaj’s first wicket.

Azam has gone 29 Test innings without a century.

Maharaj himself dropped Shafique on 15 off his own bowling and then saw Aiden Markram drop the same batter on 41 and 53.

Shafique also survived on nine when a Marco Jansen delivery beat him and hit the stumps after rolling down but did not dislodge the bails.

In the morning session South Africa’s only breakthrough came from Harmer, who bowled Imam-ul-Haq for 17 with a sharp turner that beat the bat and hit off-stump.

Fast bowler Kagiso Rabada was also unlucky when Tristan Stubbs dropped Shafique in the slips off the fourth ball of the match for nought.

Harmer has figures of 2-57.

Having won the first Test in Lahore by 93 runs, Pakistan strengthened their attack by including a third spinner in Asif Afridi, dropping fast bowler Hasan Ali.

At 38 years and 299 days, Asif becomes the second oldest Pakistani Test debutant, behind Miran Bakhsh, who made his debut at 47 years and 284 days against India in 1955.

South Africa named three spinners and two pacers.


Pakistan denies it is acting on behalf of US to engineer regime change in Afghanistan

Pakistan denies it is acting on behalf of US to engineer regime change in Afghanistan
Updated 20 October 2025

Pakistan denies it is acting on behalf of US to engineer regime change in Afghanistan

Pakistan denies it is acting on behalf of US to engineer regime change in Afghanistan
  • Pakistan, Afghanistan reach new understanding in Doha with Türkiye and Qatar as guarantors to curb cross-border militancy
  • Asif says Islamabad has “no objection” to Kabul’s ties with India as long as they don’t threaten Pakistan’s security

ISLAMABAD: Pakistani Defense Minister Khawaja Asif on Monday dismissed Afghan allegations that Islamabad is acting on behalf of the United States to engineer a regime change in Kabul, describing the claim as “total nonsense.”

The remarks come after a week of deadly border clashes — the worst violence between the two neighbors since the Taliban group seized power in Kabul in 2021 — that left dozens dead and hundreds injured. Both sides agreed to a ceasefire in Doha on Sunday and will meet again on Oct. 25 in Istanbul for further talks. 

The ground fighting between the two nations and Pakistani airstrikes across their contested 2,600-km (1,600-mile) frontier were triggered after Islamabad demanded that Kabul rein in militants who have stepped up attacks in Pakistan, saying they operate from havens in Afghanistan. Kabul denies this.

“I don’t want to use any strong word for that, but it’s total nonsense and nothing else. Why would we? We have enough involvement in Afghan affairs,” Asif told Arab News when asked about claims by the Kabul government that Pakistan was facilitating a US-backed regime change effort in Afghanistan.

“For the last four or five decades we have had enough. We want to stay away and live like decent neighbors.” 

Asif also rejected suggestions that Washington was plotting to topple the Taliban government, saying the movement already maintains cordial relations with the United States.

“If they think the US is trying to bring regime change over there, in my humble opinion, they have a comfortable relationship with the United States,” he said.

Islamabad has long said that India, its longstanding adversary, is working with Afghanistan to support the Tehreek-e-Taliban Pakistan (TTP), which is commonly known as the Pakistani Taliban, and other militants against Pakistan. New Delhi denies the claim. 

The latest clashes between Pakistan and India broke out as Afghan Foreign Minister Amir Khan Muttaqi was on a multi-day trip to India, during which New Delhi upgraded relations between the two nations, raising further concerns in Pakistan.

Asif said Pakistan has no objections to Afghanistan’s relations with other nations, including India, as long as they do not threaten Pakistan’s security.

“They can have a relationship with India or any other country, we have no business with that,” the minister said. “Whatever they do in their own territory, it doesn’t become our business as long as it doesn’t spill over to our side.”

He added:

“They can have an alliance with India. They can have treaty with them. They can trade with them whatever they want to do. That’s their business. It’s not our business.”

Responding to a question about Pakistan’s recent dialogue with the Taliban in Doha, Asif said a new understanding had been reached under which Türkiye and Qatar would act as guarantors to ensure that the banned TTP no longer operates from Afghan soil.

“They [Kabul] know very well that TTP is operating from their territory and off the record they admit it. In the past, they have even discussed relocating them somewhere else far from our border,” he revealed.

“Everything hinges on this agreement, and the most important clause is that TTP should not be allowed to operate from their territory,” he said, adding that both sides will meet in Istanbul to finalize a monitoring mechanism for the arrangement.

Asif said the Taliban’s only request during the Doha talks was that Afghan refugees’ repatriation be carried out with dignity and honor.

“They just politely asked that the repatriation of Afghan refugees should be in an honorable manner,” Asif said. “They did not say don’t repatriate them, it’s part of the agreement, and we will facilitate it with dignity.”

He was referring to Pakistan’s deportation campaign against illegal aliens that has intensified over the past year, with authorities repatriating more than 800,000 Afghans since 2023 as part of a nationwide drive against undocumented foreigners.

“They were our guests or whatever you can call them for many, many years. If they are going home, we wish them luck,” Asif said. 

“That is their soil. We wish them, we pray for them that they have good life under the present regime over there and that Afghanistan has stability and economic well-being.”
 


‘People can breathe’: Hope for peace on Afghan-Pakistan border

‘People can breathe’: Hope for peace on Afghan-Pakistan border
Updated 20 October 2025

‘People can breathe’: Hope for peace on Afghan-Pakistan border

‘People can breathe’: Hope for peace on Afghan-Pakistan border
  • Weeklong border clashes disrupted trade and stranded hundreds of trucks at key crossings
  • Residents and traders urge both sides to safeguard livelihoods, prevent renewed violence after truce

Spin Boldak, Afghanistan: After a week of violence, residents on the frontier between Afghanistan and Pakistan are hoping a new ceasefire deal will end the clashes and revive crucial cross-border trade.

While the crossings remain closed, life has regained a semblance of normality, with bakers kneading bread, fruit and vegetable sellers wheeling out their carts, and customers frequenting shops.

"People can breathe and feel relieved. (But) before that, gunfire damaged a few houses in our village," said Sadiq Shah, 56, a shopkeeper from Baizai on the Pakistani side.

Fighting between Afghanistan and Pakistan broke out after explosions in Kabul on October 9.

The Taliban government blamed the blasts on its neighbour and launched a retaliatory border offensive, prompting Islamabad to vow a strong response.

After further clashes left soldiers and civilians dead, the two sides declared an initial 48-hour ceasefire on Wednesday.

New Pakistani strikes hit Afghanistan on Friday, with Islamabad saying it was targeting armed groups that the Taliban harbours and allows to launch attacks on Pakistani territory -- a claim that Kabul denies.

The two sides approved a second ceasefire on Sunday, to the relief of many along the border.

"It's incredible: both sides are Muslim, (ethnic) Pashtuns, so why fight?" said Shah.

"Previously, trade with Afghanistan went through here, and now we're shooting at each other. What country does that?"

'Losing money'

The border only opened temporarily this week to admit Afghan migrants expelled by Pakistan under a campaign that it launched back in 2023.

In the Pakistani town of Torkham, a normally busy crossing point into the Afghan province of Nangarhar, stranded drivers bought tea from a vendor as they waited in colourful trucks.

More than 1,500 trucks, trailers and containers carrying cement, medicines, rice and other basic goods are waiting in Torkham, according to a senior Pakistani customs official in nearby Peshawar.

Abdul Rahman Habib, spokesman for the Taliban's economy ministry, said fruit and vegetables were rotting as they awaited export to Pakistan.

"Businessmen are losing money," he said, without giving an estimate of the damages.

Habib warned that if this situation persisted, "it could increase prices and unemployment, and destabilise markets".

"Trade relations should be separate from political issues," he told AFP.

After the peace talks in Doha, Qatar's foreign ministry said the ceasefire deal provides for "the establishment of mechanisms to consolidate lasting peace", but their details have not been disclosed.

Niaz Mohammed Akhund, a 39-year-old car salesman in Spin Boldak, an Afghan town where fighting flared last week, said "people here are very happy with the ceasefire".

"(They) have no farmland or other source of income -- everyone depends on cross-border trade, on both sides," he said.

Nematullah, a 24-year-old vendor, also told AFP he hoped "this problem won't resurface".

Across the road on the Pakistani side, market worker Imran Khan called on the two countries to establish a "mechanism to end these conflicts and to start treating each other like brothers".