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Pakistan鈥檚 army vows to protect investors in billion-dollar mining sector in conflict zone

Pakistan鈥檚 army vows to protect investors in billion-dollar mining sector in conflict zone
Pakistan army chief, General Asim Munir, speaks during the second annual Pakistan Minerals Investment Forum on April 8, 2025. (ISPR)
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Updated 08 April 2025

Pakistan鈥檚 army vows to protect investors in billion-dollar mining sector in conflict zone

Pakistan鈥檚 army vows to protect investors in billion-dollar mining sector in conflict zone
  • Pakistan is hosting a two-day mines and minerals conference with delegates from countries including the United States, China and 海角直播
  • The conference comes weeks after insurgents hijacked a train carrying over 400 passengers, including soldiers, in volatile Balochistan province

ISLAMABAD: Pakistan will provide robust security to protect the interests of investors and partners, its army chief told a minerals conference on Tuesday, amid heightened unrest in key mineral-rich province Balochistan.
Pakistan is hosting a two-day mines and minerals conference with delegates from countries including the United States, China and 海角直播, as well as companies including Barrick Gold and Woods Mackenzie. It is seeking to attract investments in its natural reserves, which are estimated to be worth $6 trillion.
鈥淧akistan鈥檚 army will ensure a robust security framework, (and) proactive measures to protect the interests and trust of partners and investors,鈥 General Asim Munir said.
鈥淵ou can count on Pakistan as a reliable partner.鈥
The conference comes weeks after insurgents hijacked a train carrying over 400 passengers, including soldiers, in volatile Balochistan, which borders Iran and Afghanistan.
The majority of Pakistan鈥檚 mines, including Reko Diq, which houses one of the world鈥檚 largest undeveloped deposits of copper and gold jointly owned by Barrick Gold and Pakistan, are located in the southwestern province.
Barrick Gold estimates Reko Dig has the potential to generate $74 billion in free cash flow over 37 years.
Ethnic Baloch separatists, who have long been running an insurgency in the region, oppose any foreign investment which they say is an attempt by Islamabad to solidify its hold through external players on their regional resources.
They have been fighting for decades for a greater share of local resources, but some of their armed groups now say they will not settle for anything less than a separate homeland.
One of the largest insurgent groups, the Baloch Liberation Army, claimed responsibility for the train hijacking, which resulted in the deaths of 23 soldiers, three railway employees and five passengers. At least 33 insurgents were also killed.
鈥淲e welcome international organizations to seek investment opportunities and partnership with us in the development of wider resources,鈥 Munir said.


Pakistan, US hold talks on Afghanistan after border ceasefire extension

Pakistan, US hold talks on Afghanistan after border ceasefire extension
Updated 31 sec ago

Pakistan, US hold talks on Afghanistan after border ceasefire extension

Pakistan, US hold talks on Afghanistan after border ceasefire extension
  • State media says both sides agreed that security challenges from Afghanistan must be addressed
  • Pakistan and the US have stepped up cooperation this year, with top leaders holding meetings

ISLAMABAD: Pakistan鈥檚 Defense Minister Khawaja Asif met US Charg茅 d鈥橝ffaires Natalie Baker to discuss the situation in Afghanistan, state media reported Friday, urging action to address challenges arising from Afghan territory to ensure regional peace and stability.

The meeting came a day after Pakistan and Afghanistan agreed to extend a ceasefire following deadly clashes earlier this month that left dozens of soldiers, civilians and militants dead.

Pakistan has frequently raised concerns about the militant presence in Afghanistan, saying they launch cross-border attacks targeting its civilians and security forces while asking the administration in Kabul not to allow Afghan soil to be used by armed groups.

鈥淏oth sides underscored the importance of a peaceful, stable and secure Afghanistan, emphasizing challenges emanating from its territory should be effectively addressed to safeguard regional peace and stability,鈥 the Associated Press of Pakistan (APP) said in its report on the meeting between the Pakistani minister and the US diplomat.

During the meeting, Asif and Baker discussed matters of mutual interest aimed at strengthening bilateral defense cooperation between the two countries.

鈥淧akistan鈥檚 constructive role and growing contribution as a responsible and forward-looking partner in the international community were appreciated,鈥 APP added.

Both sides also expressed satisfaction over the 鈥減ositive trajectory of bilateral relations,鈥 highlighting the need to further expand cooperation.

Pakistan and the US have stepped up cooperation in various fields this year, including the signing of a trade deal earlier this year which was said to be a step toward broader economic collaboration.

Pakistan鈥檚 Prime Minister Shehbaz Sharif and Army Chief Field Marshal Asim Munir also met US President Donald Trump to discuss regional and international issues.


Babar becomes highest T20 run-scorer in Pakistan鈥檚 big win against South Africa

Babar becomes highest T20 run-scorer in Pakistan鈥檚 big win against South Africa
Updated 31 October 2025

Babar becomes highest T20 run-scorer in Pakistan鈥檚 big win against South Africa

Babar becomes highest T20 run-scorer in Pakistan鈥檚 big win against South Africa
  • Saim Ayub smashes unbeaten 71 off 38 balls as Pakistan chase 111 in 13.1 overs
  • Babar Azam overtakes India鈥檚 Rohit Sharma to reach 4,234 runs in men鈥檚 Twenty20s

LAHORE: Babar Azam broke Rohit Sharma鈥檚 record for most runs in men鈥檚 Twenty20s as Pakistan hammered South Africa by nine wickets and leveled their series on Friday.

Saim Ayub returned to form with a belligerent unbeaten 71 off 38 balls as Pakistan raced to 112-1 in just 13.1 overs after bowling out South Africa for 110. Fast bowlers Salman Mirza and Faheem Ashraf shared seven wickets.

The third and deciding T20 is on Saturday.

Babar needed nine runs to pass Sharma鈥檚 record of 4,231 runs and finished 11 not out. He overtook the Indian batter鈥檚 record when he drove spinner Donovan Ferreira for a single to long-off.

Pakistan recalled Babar for his first T20s in almost a year after Fakhar Zaman was rested. Babar missed the chance in the first match to set the record when he was dismissed for a two-ball duck at Rawalpindi on Tuesday.

Babar has 4,234 runs in 130 T20s, including 36 half-centuries and three centuries. His strike rate of 129 has often been criticized. He missed the Asia Cup in which Pakistan was beaten by India.

Sharma played 159 T20s but quit international cricket鈥檚 shortest format after leading India to the T20 World Cup title last year.
 


Pakistan invited to Muslim states鈥 meeting in Turkiye on next steps for Gaza peace plan

Pakistan invited to Muslim states鈥 meeting in Turkiye on next steps for Gaza peace plan
Updated 31 October 2025

Pakistan invited to Muslim states鈥 meeting in Turkiye on next steps for Gaza peace plan

Pakistan invited to Muslim states鈥 meeting in Turkiye on next steps for Gaza peace plan
  • Invited countries met US President Donald Trump in September before the plan was unveiled
  • Turkiye says it will discuss implementation of the plan, accuses Israel of trying to undermine it

ISTANBUL: Turkiye will on Monday host a meeting of foreign ministers from Muslim countries to discuss a US peace plan for Gaza, Foreign Minister Hakan Fidan said.

Fidan told reporters on Friday that the Istanbul meeting would 鈥渆valuate our progress and discuss what we can achieve together in the next stage.鈥

A ministry spokesman said ministers from Egypt, Indonesia, Jordan, Pakistan, Qatar, 海角直播 and the United Arab Emirates had all been invited.

The foreign ministers of all these countries met US President Donald Trump on September 23 on the sidelines of the UN General Assembly in New York.

鈥淎 glimmer of hope emerged, offering a glimmer of hope for everyone,鈥 Fidan said during a joint news conference with his Estonian counterpart Margus Tsahkna.

There were a number of issues that needed to be addressed at the meeting, he said.

鈥淲hat are the obstacles to its implementation? What are the challenges to be faced? What are the next steps? What will we be discussing with our Western friends? And what support is there for the ongoing talks with the United States?鈥

Fidan accused Israeli Prime Minister Benjamin Netanyahu of 鈥渓ooking for a pretext to violate the ceasefire [in Gaza] and relaunch the genocide under the eyes of the whole world.鈥

Turkiye sent an 81-strong distaster response team to Gaza a week ago to help with search and rescue operations.

But it is still waiting at the border for Israeli approval to enter the Palestinian territory, said Fidan.

The foreign ministry was still 鈥渨orking intensively鈥 and its army was discussing the possibility of joining the international force to oversee the ceasefire, said Fidan.

But Israeli Foreign Minister Gideon Saar said on Monday it would not be reasonable for them to let Turkiye participate because of their 鈥渉ostile approach鈥 to Israel.

鈥淪o it is not reasonable for us to let their armed forces enter [the] Gaza Strip, and we will not agree to that, and we said it to our American friends,鈥 said Saar.


Pakistan warns India against using Iran鈥檚 Chabahar Port to promote militancy in Balochistan

Pakistan warns India against using Iran鈥檚 Chabahar Port to promote militancy in Balochistan
Updated 31 October 2025

Pakistan warns India against using Iran鈥檚 Chabahar Port to promote militancy in Balochistan

Pakistan warns India against using Iran鈥檚 Chabahar Port to promote militancy in Balochistan
  • United States this week granted India a six-month waiver to operate port facilities in southern Iran
  • Pakistan says it welcomes steps that support Iran鈥檚 economy, warns India against any 鈥榤isadventure鈥

ISLAMABAD: Pakistan warned India on Friday against using a six-month sanctions waiver granted by the United States to operate Iran鈥檚 Chabahar Port 鈥 a key trade route to Afghanistan that bypasses Pakistan 鈥 to promote cross-border militancy in the restive, southwestern Balochistan province.

India signed a 10-year contract with Iran last year to develop and operate the port and this month stepped up its engagement with Taliban-ruled Afghanistan by reopening its embassy in Kabul, which was closed after the Afghan group seized power in 2021. The port on Iran鈥檚 southeastern Gulf of Oman coast was initially planned with a rail link to Afghanistan to help build the landlocked country鈥檚 economy through trade and reduce Kabul鈥檚 dependence on Pakistani ports.

The waiver was announced by Indian authorities after Washington said it was seeking to reach a broader trade deal with New Delhi following earlier tariff disputes under the administration of President Donald Trump.

Addressing his weekly news conference, foreign office spokesman Tahir Andrabi said Pakistan had taken note of the development.

鈥淔irst of all, let me make one point clear. We welcome any decision that leads to the economic development and improvement of trade and business prospects in our brotherly country of Iran,鈥 he said, adding that it was Washington鈥檚 sovereign decision to grant the waiver as the country that had originally imposed sanctions.

鈥淲e would warn India to not use or abuse this opening to promote terrorism, subversion, particularly the terrorism and subversion of Fitnah Al-Hindustan, into Pakistan through the adjacent borders,鈥 he continued, referring to separatist groups such as the Baloch Liberation Army (BLA). 鈥淚ndia has promoted cross-border terrorism from this area into Pakistan in the past. It must desist in doing so in the future.鈥

Balochistan, Pakistan鈥檚 largest but poorest province, has long been plagued by an insurgency that has intensified in recent months, with separatist militants increasingly targeting security personnel, government officials, infrastructure, and non-local residents.

The province is strategically significant for its vast mineral wealth and as a transit hub for the multibillion-dollar China-Pakistan Economic Corridor (CPEC).

Islamabad accuses India of backing anti-Pakistan militant factions operating from the region, a charge New Delhi denies.
Andrabi said Pakistan had taken notice of an ongoing military exercise by Indian forces near the border, adding that Pakistan鈥檚 military was keeping a close watch.

鈥淎ny misadventure by India will be tackled with a quid pro quo-plus response,鈥 he warned. 鈥淲e have assured it before and we can assure it again.鈥

The two South Asian nuclear-armed neighbors fought a brief but intense war earlier this year in May, involving missile, drone, and artillery exchanges, before a ceasefire was announced by US President Donald Trump on May 10.

With input from Reuters


Pakistan stocks surge over 4,500 points after extended ceasefire with Afghanistan

Pakistan stocks surge over 4,500 points after extended ceasefire with Afghanistan
Updated 31 October 2025

Pakistan stocks surge over 4,500 points after extended ceasefire with Afghanistan

Pakistan stocks surge over 4,500 points after extended ceasefire with Afghanistan
  • KSE-100 index gained 4,898.86 points, or 3.13 percent, to close at 161,631.73 on Friday
  • Pakistan and Afghanistan saw the worst border clashes this month which killed dozens

ISLAMABAD: The Pakistan Stock Exchange (PSX) gained more than 4,500 points on Friday, with analysts attributing the jump to an extended ceasefire between Pakistan and Afghanistan.

The rally reflected renewed investor confidence after weeks of uncertainty over cross-border tensions, which had weighed on investor sentiment and triggered a market downturn of over 5,000 points earlier this month.

The benchmark KSE-100 index gained 4,898.86 points, or 3.13 percent to close at 161,631.73 points, compared to the previous close of 156,732.87.

The development came a day after Pakistan and Afghanistan agreed in Istanbul to extend a ceasefire, following the worst border clashes between the two countries in years that killed dozens. Islamabad says Kabul shelters anti-Pakistan militants, an allegation the Afghan authorities deny.

Topline Securities, a Karachi-based market research firm, said the trading value and volume for the day stood at 941 million shares and Rs41.84 billion ($148.85 million).

鈥淭his positivity in market was on account of news that Pakistan and the Afghan Taliban regime have agreed to maintain ceasefire following a fresh round of talks in Istanbul which was confirmed by Turkiye鈥檚 foreign ministry,鈥 it said in its daily market review.

Topline added that United Bank Limited (UBL), Meezan Bank Limited (MEBL), Fauji Fertilizer Company Limited (FFC), Habib Bank Limited (HBL), Bank Al Habib Limited (BAHL), Systems Limited (SYS), Lucky Cement Limited (LUCK) and Bank Alfalah Limited (BAFL), contributed over 2,390 points to the index collectively.

Pakistan and Afghanistan have agreed to extend the ceasefire reached in Doha on Oct. 19 until the next round of talks, scheduled for Nov. 6 in Istanbul.

They also decided to establish a monitoring and verification mechanism to maintain peace and hold either side accountable for any violations. The negotiations are being mediated by T眉rkiye and Qatar.

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, earlier said speculation in the earnings seasons acted as a catalyst in the bullish sentiment after the ceasefire.

鈥淏ullish activity witnessed after reports of Pakistan, Afghanistan agreeing to maintain ceasefire in the cross-border conflict,鈥 he told Arab News.

Pakistan has warned that the ceasefire is conditional, saying it will treat Afghanistan鈥檚 failure to act against militant hideouts as a breach of the extended truce.