Saudi Arabia, Qatar voice concern, urge dialogue after Pakistan-Afghanistan border clashes

A Taliban security personnel holds a rocket-propelled grenade (RPG) as he stands guard along a road in the Zazai Maidan district of Khost province near the Afghanistan-Pakistan border on October 12, 2025. (AFP)
A Taliban security personnel holds a rocket-propelled grenade (RPG) as he stands guard along a road in the Zazai Maidan district of Khost province near the Afghanistan-Pakistan border on October 12, 2025. (AFP)
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Updated 12 October 2025
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Saudi Arabia, Qatar voice concern, urge dialogue after Pakistan-Afghanistan border clashes

Saudi Arabia, Qatar voice concern, urge dialogue after Pakistan-Afghanistan border clashes
  • Afghan security forces attacked Pakistani border posts late Saturday in response to what the Taliban said ‘repeated violations’ of their territory, airspace
  • Pakistan accuses Afghan authorities of harboring members of Tehreek-e-Taliban Pakistan, which Islamabad says has carried out deadly attacks inside Pakistan

ISLAMABAD: Saudi Arabia and Qatar on Sunday expressed concern over border clashes between Pakistan and Afghanistan, urging both sides to exercise restraint and hold dialogue to lower tensions.

Afghan security forces attacked Pakistani border posts late Saturday in response to what the Taliban government called “repeated violations” of their territory and airspace.

Earlier in the week, Afghan authorities accused Pakistan of an airstrikes in the capital, Kabul, and a market in the country’s east. Pakistan has neither denied nor confirmed the strikes.

The Torkham border crossing, one of two main trade routes between the two countries, did not open on Sunday at its usual time of 8am, following the skirmishes that underscore deepening security tensions between both countries.

“The Kingdom of Saudi Arabia follows with concern the tensions and clashes witnessed in the border areas between the Islamic Republic of Pakistan and the State of Afghanistan,” the Saudi foreign ministry said on X.

Qatar’s Foreign Ministry expressed concern over the escalations and the potential repercussions for the security and stability of the region. It urged both sides to prioritize “dialogue, diplomacy and restraint.”

Pakistan accuses Afghan authorities of harboring members of the banned group Tehreek-e-Taliban Pakistan (TTP), which Islamabad says carries out deadly attacks inside Pakistan. Kabul denies the charge and insists it does not allow its territory to be used against other countries.

The TTP, which is a separate group but is viewed by Pakistani officials as an ally of the Afghan Taliban, has been behind some of the deadliest attacks in Pakistan since late 2000s.

On Saturday, the TTP claimed responsibility for deadly attacks in multiple northwestern Pakistani districts that killed 20 security officials and three civilians this week.

“The firing by Afghan forces on civilian population is a blatant violation of international laws,” Pakistani Interior Minister Naqvi said in a statement, shared by the information ministry.


Shariah-compliant stocks outperform broader market amid rising investor demand at PSX

Shariah-compliant stocks outperform broader market amid rising investor demand at PSX
Updated 15 November 2025
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Shariah-compliant stocks outperform broader market amid rising investor demand at PSX

Shariah-compliant stocks outperform broader market amid rising investor demand at PSX
  • Islamic equities now make up more than half of daily trading value on the Pakistan Stock Exchange
  • Analysts say macro stability and policy reforms fueling stronger gains in Shariah-compliant counters

KARACHI: As Pakistan’s economy steadies, stock investors are increasingly gravitating toward Shariah-compliant equities, with Pakistan Stock Exchange (PSX) data showing these counters outperforming conventional stocks since early October and now accounting for more than half of the daily trading value.

Investors on Friday traded Rs35 billion ($125 million) worth of shares, of which Rs23 billion ($80 million) came from Shariah-compliant counters.

“Around 65 percent of today’s equity value traded was in Shariah compliant stocks,” PSX said in a statement.

Pakistan’s market has been on a strong upward run, with the benchmark KSE-100 Index climbing 41 percent to 161,935 points since January.

The Karachi Meezan Index (KMI-30), launched in 2008 to track Shariah-compliant equities, has risen 30 percent so far this year and gained another 0.8 percent on Friday to close at 231,590 points.

“The broader Pakistan Shariah index has demonstrated remarkable strength and resilience, closely mirroring the sustained bullish momentum observed across the PSX,” said Amreen Soorani, head of research at Al Meezan Investments Management Limited, Pakistan’s largest Shariah-compliant mutual fund managing Rs638 billion ($2.3 billion) in assets.

“This exceptional performance is a direct result of recent macroeconomic stabilization and impactful policy reforms,” she told Arab News.

Pakistan’s economic outlook has brightened as the current administration has pulled inflation down to 6.2 percent in October, while the central bank expects the current account deficit to widen by up to one percent this fiscal year.
Foreign exchange reserves are projected to reach $18 billion by June 2026.

“We maintain an optimistic outlook for the Shariah equity index, projecting sustained growth driven by robust corporate profitability and attractive dividend yields, all underpinned by strong structural and macroeconomic tailwinds,” Soorani added.

She said regulatory steps, including the listing of government sukuk on the stock exchange, were also “actively diversifying investment offerings and enhancing market liquidity in the Shariah space.”

INCREASING EXPOSURE

These trends are drawing in individual investors such as Saniya Bilal Doni, who is already invested in Shariah-compliant stocks and now plans to boost her holdings.

“My portfolio has benefited from the recent PSX rally, and I am considering increasing my exposure given the positive market outlook,” said Doni, 33, a Chartered Financial Analyst by qualification.

For her, she said, the appeal of these stocks extends beyond performance.

“The Shariah-compliant stocks align with my ethical and faith-based principles, and historically, Shariah-compliant companies in Pakistan tend to have stronger balance sheets, lower leverage and more disciplined governance, which naturally reduces risk,” she continued.

Doni did not disclose the size of her portfolio but said she prefers long-term, dividend-focused investments in “well performing” banking, real estate, fertilizer and technology stocks.

“In Pakistan, many retail and institutional investors already gravitate toward Shariah-compliant names,” said Leena Abid, an analyst at Karachi-based brokerage Arif Habib Limited.

She noted that the KMI-30 Index posted a 71 percent return last year and has already delivered 29 percent gains this year.

“Looking ahead, if the current momentum continues, supported by improving macros and earnings growth, the KMI-30 could end another year with gains,” she told Arab News.