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

Pakistan to chair key UN Security Council debate on multilateralism, dispute resolution
Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar is addressing a debate of the High-Level Political Forum on Sustainable Development's (HLPF) Ministerial Segment in New York on June 21, 2025. (Pakistan Foreign Office)
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Updated 17 min 53 sec ago

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
Updated 17 min 53 sec ago
Arab News Pakistan

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

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

UN Secretary-General António 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.

“The signature event reaffirms Pakistan’s unwavering belief in multilateralism and the UN Charter principle of peaceful settlement of disputes,” Pakistan’s 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’s Permanent Representative to the UN for select ambassadors and senior UN officials.

Topics: UN Security Council Pakistan

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

Pakistan stocks hit record high as army chief backs economy — analysts
Updated 30 sec ago

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

Pakistan stocks hit record high as army chief backs economy — analysts
  • KSE-100 index closes at 139,419 points as military chief’s assurance to businesses drives investor confidence
  • Engro, HBL, FFC among top gainers, trading volume crosses 627 million shares amid bullish sentiment
Updated 30 sec ago
Hasaan Ali Khan

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’s 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’s backing for Pakistan’s 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’s Senate gains and expectations of strong upcoming corporate earnings.

“Stocks closed at a new all-time high after business leaders’ meetup with Field Marshal Asim Munir assured military’s support for economic progress,” said Ahsan Mehanti, CEO of Arif Habib Commodities.

Pakistan’s 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.

“This wave of optimism helped paint a bullish picture across the board, setting the tone for a potentially upbeat week ahead,” 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.

Topics: Pakistan Stock Exchange PSX

Pakistan wins toss and puts Bangladesh into bat in second T20

Pakistan wins toss and puts Bangladesh into bat in second T20
Updated 4 min 59 sec ago
AP

Pakistan wins toss and puts Bangladesh into bat in second T20

Pakistan wins toss and puts Bangladesh into bat in second T20
  • Pakistan makes one change as Ahmed Daniyal debuts in second T20
  • Bangladesh bring in Naim and Shoriful after winning opening match
Updated 4 min 59 sec ago
AP

DHAKA, Bangladesh: Pakistan cricket captain Salman Ali Agha won the toss and put Bangladesh into bat in the second T20 on Tuesday.

Pakistan handed Ahmed Daniyal his international debut. He replaces leg-spinner Abrar Ahmed in the team’s only change after it lost the first match by seven wickets.

Bangladesh made two changes with Naim Sheikh replacing opener Tanzid Hasan and paceman Shoriful Islam coming in for Taskin Ahmed.

The third and final match in the series is in Mirpur on Thursday.

Line-ups:

Bangladesh: Parvez Hossain Emon, Naim Sheikh, Litton Das (captain), Tawhid Hridoy, Shamim Hossain, Jaker Ali, Mahedi Hasan, Rishad Hossain, Tanzim Hasan, Shoriful Islam, Mustafizur Rahman

Pakistan: Saim Ayub, Fakhar Zaman, Mohammad Haris, Hasan Nawaz, Salman Ali Agha (captain), Mohammad Nawaz, Khushdil Shah, Faheem Ashraf, Abbas Afridi, Salman Mirza, Ahmed Daniyal.

Topics: Pakistan v Bangladesh

Pakistan signs UN treaty on protecting marine biodiversity beyond national borders

Pakistan signs UN treaty on protecting marine biodiversity beyond national borders
Updated 22 July 2025

Pakistan signs UN treaty on protecting marine biodiversity beyond national borders

Pakistan signs UN treaty on protecting marine biodiversity beyond national borders
  • Pakistan played a key role in shaping the treaty adopted by the UN in June 2023
  • Foreign office says the signing reflects Pakistan’s commitment to multilateralism
Updated 22 July 2025
SAIMA SHABBIR

ISLAMABAD: Pakistan on Tuesday signed a landmark United Nations treaty aimed at conserving marine biodiversity in areas beyond national jurisdiction, highlighting its support for multilateral environmental frameworks and equitable ocean governance.

The treaty, formally known as the Agreement under the United Nations Convention on the Law of the Sea (UNCLOS) on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction, was signed by Deputy Prime Minister and Foreign Minister Ishaq Dar at the UN headquarters in New York.

Known as the BBNJ Agreement, the pact is the first-ever international legal framework dedicated to protecting ocean life in the high seas, areas that fall outside any single country’s jurisdiction and cover nearly half the Earth’s surface.

“Pakistan’s signing of the BBNJ Agreement reflects its continued commitment to multilateral cooperation and to the protection and sustainable use of marine biodiversity in areas beyond national jurisdiction,” the foreign office said in a statement.

The treaty provides a basis for creating marine protected areas, assessing environmental impacts and ensuring fair benefit-sharing of marine genetic resources.

The foreign office said Pakistan played a central role in shaping the agreement, serving as Chair of the G77 and China during two key negotiation sessions in 2022.

Representing the collective voice of developing countries, it advocated for equitable access to marine resources, technology transfer and capacity-building, in line with the principle of the common heritage of humankind.

The treaty was formally adopted by UN member states in June 2023, after nearly two decades of negotiations.

Pakistan’s early engagement and leadership during the final talks positioned it among countries seeking stronger global frameworks to address environmental and equity concerns in ocean governance.

The agreement is seen as essential to meeting the UN’s Sustainable Development Goal 14, which focuses on the conservation and sustainable use of oceans, seas and marine resources.
 

Topics: marine biodiversity Arabian Sea

Pakistan, pledge deeper defense ties during Saudi naval chief’s Islamabad visit

Pakistan, pledge deeper defense ties during Saudi naval chief’s Islamabad visit
Updated 22 July 2025

Pakistan, pledge deeper defense ties during Saudi naval chief’s Islamabad visit

Pakistan, pledge deeper defense ties during Saudi naval chief’s Islamabad visit
  • Top Saudi naval official discusses maritime security, defense training with Pakistani counterpart
  • He also acknowledges Pakistan Navy’s role in regional maritime cooperation during the visit
Updated 22 July 2025
Arab News Pakistan

ISLAMABAD: Pakistan and 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.

“The leaders discussed matters of mutual interest, regional maritime security situation and avenues for enhanced cooperation in defense, training and security,” the Pakistan Navy said in a statement. “Both leaders pledged to further strengthen and diversify the scope of existing bilateral defense relationship.”

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’s 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’s 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.

Topics: Pakistan ties Pakistan Navy Admiral Naveed Ashraf Saudi Royal Naval Forces

No bids received for Pakistan’s tender for 50,000 sugar metric tons, say traders 

No bids received for Pakistan’s tender for 50,000 sugar metric tons, say traders 
Updated 22 July 2025
Reuters

No bids received for Pakistan’s tender for 50,000 sugar metric tons, say traders 

No bids received for Pakistan’s tender for 50,000 sugar metric tons, say traders 
  • Traders say shipment, arrival periods were regarded as having too short notice for realistic offers
  • Pakistan on July 8 approved plans to import 500,000 tons of sugar to maintain price stability
Updated 22 July 2025
Reuters

HAMBURG: No trading companies were believed to have submitted price offers in the international tender to buy 50,000 metric tons of sugar from Pakistan which closed on Tuesday, European traders said in initial assessments.

Traders said the shipment and arrival periods were regarded as having too short notice for realistic offers.

The tender from the state trading agency Trading Corporation of Pakistan (TCP) sought loading from August 1-15. The entire volume purchased was sought for arrival in Pakistan by August 30.

Pakistan’s government had on July 8 approved plans to import 500,000 tons of sugar to help maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January.

Topics: sugar Pakistan sugar import

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