海角直播

Pakistan, 海角直播 pledge deeper defense ties during Saudi naval chief鈥檚 Islamabad visit

Pakistan, 海角直播 pledge deeper defense ties during Saudi naval chief鈥檚 Islamabad visit
Pakistan鈥檚 Chief of the Naval Staff Admiral Naveed Ashraf meets Chief of the Royal Saudi Naval Forces (RSNF) Vice Admiral Mohammed Bin Abdulrahman Al Ghuraybi (left) at Pakistan Navy Headquarters in Islamabad on July 22, 2025. (Pakistan Navy)
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Updated 22 July 2025

Pakistan, 海角直播 pledge deeper defense ties during Saudi naval chief鈥檚 Islamabad visit

Pakistan, 海角直播 pledge deeper defense ties during Saudi naval chief鈥檚 Islamabad visit
  • Top Saudi naval official discusses maritime security, defense training with Pakistani counterpart
  • He also acknowledges Pakistan Navy鈥檚 role in regional maritime cooperation during the visit

ISLAMABAD: Pakistan and 海角直播 on Tuesday agreed to enhance and strengthen the scope of their existing bilateral defense ties, with a renewed focus on naval cooperation and regional maritime security, said an official statement.

The announcement came during a meeting between Chief of the Naval Staff Admiral Naveed Ashraf and Chief of the Royal Saudi Naval Forces (RSNF) Vice Admiral Mohammed Bin Abdulrahman Al Ghuraybi at Pakistan Navy Headquarters in Islamabad.

The two sides reaffirmed their longstanding defense partnership, particularly between their navies, which have conducted regular joint drills and personnel exchanges over the years.

鈥淭he leaders discussed matters of mutual interest, regional maritime security situation and avenues for enhanced cooperation in defense, training and security,鈥 the Pakistan Navy said in a statement. 鈥淏oth leaders pledged to further strengthen and diversify the scope of existing bilateral defense relationship.鈥

The two commanders also appreciated the successful conduct of the latest iteration of the joint naval exercise Naseem Al Bahr-XV in the North Arabian Sea earlier this year.

Admiral Ashraf briefed his counterpart on Pakistan Navy鈥檚 Regional Maritime Security Patrols (RMSP) initiative to maintain maritime order, secure sea lanes and counter non-traditional threats such as piracy and smuggling across the Arabian Sea and Indian Ocean region.

Pakistan is also a key participant in the US-led Combined Maritime Forces (CMF), a 41-nation coalition based in Bahrain that conducts maritime security and counter-piracy operations across 3.2 million square miles of international waters.

It has previously commanded Combined Task Force (CTF)-150 and CTF-151, focused on maritime security and counter-piracy respectively, reinforcing its role as a regional maritime security provider.

The statement said Vice Admiral Al Ghuraybi acknowledged Pakistan Navy鈥檚 role in collaborative maritime efforts and commended the professional training being imparted to RSNF cadets at the Pakistan Naval Academy and onboard Pakistan Navy ships.

The Saudi delegation was also presented a Guard of Honour and briefed by senior officers at Naval Headquarters.

The Pakistan Navy said the visit would further deepen defense ties and enhance naval collaboration between the two brotherly countries.


Pak-Qatar Asset Management reports 117% growth in assets for FY2025

Pak-Qatar Asset Management reports 117% growth in assets for FY2025
Updated 4 sec ago

Pak-Qatar Asset Management reports 117% growth in assets for FY2025

Pak-Qatar Asset Management reports 117% growth in assets for FY2025
  • Company says asset growth driven by investor trust, demand for Shariah products
  • It plans to expand its offerings, strengthen position in local Islamic finance market

KARACHI: Pak-Qatar Asset Management Company (PQAMC) said on Tuesday its assets under management (AUM) rose by 117% in the financial year ending June 30, citing growing demand for Shariah-compliant investment products in Pakistan.

The company is part of the Pak-Qatar Group, a joint venture backed by Qatari and Pakistani investors focused on the development and promotion of Islamic finance. It said the surge in AUM, which refers to the total market value of client investments it oversees, was driven by consistent fund performance, increasing investor confidence and a broader client base across both retail and institutional segments.

The growth reinforces the company鈥檚 position among the fastest-expanding Islamic asset managers in the country.

鈥淲e are humbled by the trust placed in us by our investors, which has enabled us to achieve this tremendous growth,鈥 its chief executive officer, Farhan Shaukat, said in a statement. 鈥淭his success is a testament to our unwavering focus on delivering sustainable and Shariah-compliant investment avenues that meet the evolving financial aspirations of our clients.鈥

Following its recent performance, the company said it aims to further strengthen its position by offering innovative Islamic investment solutions tailored to a range of financial goals. It maintained its strategy remains anchored in ethical wealth creation, sound governance and disciplined portfolio management in accordance with Islamic principles.

The company has expanded its reach in recent years by diversifying its product offerings and investing in client education around Islamic financial planning. It now manages a growing suite of funds catering to both conservative and growth-oriented investors seeking faith-based alternatives in a volatile economic environment.

The company鈥檚 performance comes amid increasing interest in Islamic finance across Pakistan鈥檚 investment landscape, with regulatory support and shifting investor preferences driving demand for Shariah-aligned mutual funds and retirement products.

The company said it would continue to build on its momentum by enhancing digital accessibility, improving client engagement and launching new funds in response to market trends and participant needs.


Pakistan army says 8 India-linked militants killed in two-day sweep in Balochistan

Pakistan army says 8 India-linked militants killed in two-day sweep in Balochistan
Updated 25 min 11 sec ago

Pakistan army says 8 India-linked militants killed in two-day sweep in Balochistan

Pakistan army says 8 India-linked militants killed in two-day sweep in Balochistan
  • Islamabad frequently accuses India of destabilizing Balochidstan, which it denies聽
  • Balochistan province has long been the site of separatist and insurgent violence

ISLAMABAD: Pakistani security forces have killed eight militants in operations conducted over two days in the southwestern Balochistan province, the military said on Tuesday, describing the insurgents as Indian proxies.

The fighting took place in Kalat district during an intelligence-based operation targeting suspected 鈥淔itna al Hindustan,鈥 a term the Pakistani military uses for militants it says are backed by neighbor and archrival India.

Pakistan鈥檚 restive Balochistan province has long been the site of separatist and insurgent violence, and Islamabad has frequently alleged Indian involvement in destabilizing activities there, a charge New Delhi denies.

鈥淔ollowing the successful intelligence based operation conducted by the security forces in Kalat District of Balochistan on 19 July 2025, during which 4 x terrorists belonging to Indian proxy, Fitna al Hindustan were sent to hell; on 21 July 2025, a deliberate sanitization operation was conducted in the surrounding areas,鈥 the Inter-Services Public Relations (ISPR), the military鈥檚 media wing, said in a statement.

鈥淒uring the conduct of the operation, four more terrorists of Fitna al Hindustan were hunted down and successfully neutralized.鈥

The military said a hideout was also 鈥渂usted鈥 and a large quantity of weapons, ammunition and explosives was recovered.

In a separate statement, Prime Minister Shehbaz Sharif praised security forces for the Kalat operation and reaffirmed his government鈥檚 resolve to eliminate terrorism.

鈥淭he terrorists who seek to harm the lives and property of innocent citizens will have their nefarious ambitions buried,鈥 Sharif said in a statement issued by his office.

鈥淲e will uproot Fitna al Hindustan, the enemy of Pakistan鈥檚 sovereignty.鈥

The operation follows a series of recent accusations and military tensions between the nuclear-armed neighbors, including most recently when they engaged in a four-day long air war in May. 

India and Pakistan have in the past fought multiple wars over the disputed Kashmir region and regularly trade blame over cross-border militancy. 


Punjab opposition leader, two federal PTI lawmakers sentenced to 10 years over May 9 riots

Punjab opposition leader, two federal PTI lawmakers sentenced to 10 years over May 9 riots
Updated 19 min 42 sec ago

Punjab opposition leader, two federal PTI lawmakers sentenced to 10 years over May 9 riots

Punjab opposition leader, two federal PTI lawmakers sentenced to 10 years over May 9 riots
  • Ex-PM Khan鈥檚 party confirms the development, questions the anti-terrorism court鈥檚 verdict
  • Government says due process of law was upheld and there was no miscarriage of justice

ISLAMABAD: An anti-terrorism court (ATC) in Sargodha on Tuesday handed down 10-year prison sentences to Punjab Assembly Opposition Leader Ahmed Khan Bachar, federal lawmakers Ahmed Chattha and Bilal Ejaz along with a group of Pakistan Tehreek-e-Insaf (PTI) workers in connection with violent protests that erupted across the country on May 9, 2023.

The unrest followed the arrest of former Prime Minister Imran Khan by paramilitary forces in Islamabad, which triggered protests in different parts of the country. Demonstrators stormed military installations and government buildings, prompting a sweeping state crackdown.

Thousands of PTI members and supporters were arrested, dozens were charged under anti-terrorism laws and some were tried in military courts. The protests also led to a wave of high-profile defections from the party, as many leaders publicly distanced themselves from the events under apparent pressure.

鈥淵es, it鈥檚 true鈥 Zulfi Bukhari, a close aide of Imran Khan and former federal minister, said in a statement. 鈥淭he ATC judge announced 10 years sentence for opposition leader Punjab assembly and two others. MNAs Ahmed Chatha and Bilal Ejaz鈥檚 names weren鈥檛 even in supplementary documents but the judge sentenced them anyway.鈥

The development comes as PTI faces mounting pressure across political and judicial fronts. In the Punjab Assembly, tensions have flared in recent weeks, with Speaker Malik Ahmad Khan suspending 26 opposition lawmakers in recent weeks over disorder during the provincial budget speech.

The speaker also suggested some members could face disqualification, citing repeated violations of constitutional decorum.

Khan, the PTI founder and former Pakistan premier, remains imprisoned on a range of charges he says are fabricated. The party鈥檚 legal standing was further weakened after a Supreme Court ruling last month upheld a decision stripping PTI of its claim to reserved seats for women and minorities, significantly limiting its representation in legislatures.

While the PTI questioned the court鈥檚 decision, the government said the due process of law was upheld and there was no miscarriage of justice.

Minister of State for Law and Justice Barrister Aqeel Malik said the court had listened to all the witnesses and recorded their statements. Subsequently, they were also cross-examined.

鈥淏oth sides gave their closing statements and today the verdict that was announced is according to the constitution and law,鈥 he added.


Pakistan to chair key UN Security Council debate on multilateralism, dispute resolution

Pakistan to chair key UN Security Council debate on multilateralism, dispute resolution
Updated 22 July 2025

Pakistan to chair key UN Security Council debate on multilateralism, dispute resolution

Pakistan to chair key UN Security Council debate on multilateralism, dispute resolution
  • Ishaq Dar to preside over signature UNSC event as Pakistan holds July presidency
  • UN session to spotlight peaceful settlement of disputes under UN Charter

ISLAMABAD: Pakistan鈥檚 Deputy Prime Minister and Foreign Minister Ishaq Dar will preside over a high-level United Nations Security Council (UNSC) debate on Tuesday, reaffirming Pakistan鈥檚 commitment to multilateral diplomacy and the peaceful resolution of international disputes.

The open debate, titled 鈥淧romoting International Peace and Security through Multilateralism and the Peaceful Settlement of Disputes,鈥 is the first of two signature events planned by Pakistan during its presidency of the Security Council this month.

UN Secretary-General Ant贸nio Guterres is expected to brief Council members, followed by statements from other member states. The meeting will underscore the role of the UN Charter in fostering dialogue and cooperation amid rising global tensions.

鈥淭he signature event reaffirms Pakistan鈥檚 unwavering belief in multilateralism and the UN Charter principle of peaceful settlement of disputes,鈥 Pakistan鈥檚 foreign ministry said in a statement.

Dar is also scheduled to hold bilateral meetings with senior officials, including the Saudi Minister of Economy and Planning, the UK Minister for Africa, the UN Commonwealth and Multilateral Affairs lead and the Foreign Minister of Thailand. He will also give an interview to a foreign media outlet.

Additionally, Dar will attend a reception hosted by Pakistan鈥檚 Permanent Representative to the UN for select ambassadors and senior UN officials.


Pakistan stocks hit record high as army chief backs economy 鈥 analysts

Pakistan stocks hit record high as army chief backs economy 鈥 analysts
Updated 22 July 2025

Pakistan stocks hit record high as army chief backs economy 鈥 analysts

Pakistan stocks hit record high as army chief backs economy 鈥 analysts
  • KSE-100 index closes at 139,419 points as military chief鈥檚 assurance to businesses drives investor confidence
  • Engro, HBL, FFC among top gainers, trading volume crosses 627 million shares amid bullish sentiment

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit an all-time high on Monday, buoyed by investor confidence following assurances of economic support to business leaders from the country鈥檚 powerful military, analysts said.

The benchmark KSE-100 index gained 1,202.03 points, or 0.87 percent, to close at a record 139,419.61, up from the previous close of 138,217.58.

The rally followed a widely reported meeting between business leaders and army chief Field Marshal Asim Munir on Sunday, during which he reportedly pledged the military鈥檚 backing for Pakistan鈥檚 economic revival. The delegation included representatives of the All Pakistan Textile Mills Association, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Lahore Chamber of Commerce and Industry (LCCI).

The army has not confirmed the meeting, but it was reported by nearly all major Pakistani media outlets. 

Investors also reacted positively to the government鈥檚 Senate gains and expectations of strong upcoming corporate earnings.

鈥淪tocks closed at a new all-time high after business leaders鈥 meetup with Field Marshal Asim Munir assured military鈥檚 support for economic progress,鈥 said Ahsan Mehanti, CEO of Arif Habib Commodities.

Pakistan鈥檚 ruling coalition, led by Prime Minister Shehbaz Sharif, also achieved a significant political victory by securing a two-thirds majority in the Senate, following the Khyber-Pakhtunkhwa assembly elections, which Mehanti said had also helped the market. 

Market heavyweight stocks including Engro Corporation (ENGROH), Habib Bank Limited (HBL), Fauji Fertilizer Company (FFC), Engro Fertilizers (EFERT), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company (OGDC) collectively contributed 1,142 points to the index.

According to a market note from Topline Securities, the bullish momentum was driven by renewed investor confidence.

鈥淭his wave of optimism helped paint a bullish picture across the board, setting the tone for a potentially upbeat week ahead,鈥 the brokerage house said.

Trading volume remained strong, with 627 million shares changing hands and total turnover reaching Rs34.6 billion. First Dawood Properties Limited (FDPL) led the volume chart with 44 million shares traded.