KARACHI: Beneath the shadow of Karachi’s towering cityscape, a number of flags can be seen dancing in the breeze along a bustling road, each a vibrant emblem of Pakistan’s political fervor. In the city’s southern corner, the vivid display – lions with fierce gazes, cricket bats emblazoned with bold slogans – transforms the streetscape into a mosaic of movement and color, signaling the start of election season.
This is the gateway to Karachi’s famed Paper Market on Hassan Ali Effendi Road, a stone’s throw from the historic Urdu Book Bazaar. Here in the heart of the city lies the vibrant center of Pakistan’s political symbolism – a dynamic marketplace where the crafting and selling of political party flags begin to flourish in every election season.
Political parties across Pakistan, and indeed globally, rally their supporters with these distinct flags. The unique colors, shapes, sizes and messages on the flags resonate deeply with politically engaged supporters, often numbering in the hundreds of thousands.
According to vendors at the market, flag prices vary, ranging from Rs. 15 to Rs. 500, based on size.
“Currently, we are selling around 1,500 flags per day,” Jawad Jiwani, a flag seller, told Arab News this week. “As the campaigns start heating up, sales would go up to 20,000 flags per day.”
In Pakistan, it’s common to see flags tied to street lights, draping over bridges and flying atop houses, especially when the nation is in the throes of election fever. With electoral contest set for February 8, this visual spectacle has become even more pronounced.
The flag sellers in Karachi’s Paper Market say they have been benefiting from the election period, witnessing a surge in their sales.
Shaikh Nisar Ahmed Parchamwala, CEO of VIP Flags, one of the country’s largest flag manufacturers and exporters, notes that elections stimulate economic activity, including the purchase of party flags, caps, and other decorative items, in a substantial way.
“The demand for flags increases on the occasion of Independence Day, Eid-e-Milad an-Nabi [or the festivity on the Birthday of Prophet Muhammad (PBUH)] and elections,” he told Arab News.
Even before the formal start of electioneering nationwide, Parchamwala said that VIP Flags had already sold about 100,000 flags of various political parties, with more orders streaming in.
With the final list of eligible candidates soon to be released by Pakistan’s election regulator, flag sellers are gearing up for an even busier season.
According to market sellers, an average National Assembly constituency in Karachi demands about 20,000 flags.
The general elections, with their accompanying political fervor, benefit not just flag sellers but also the daily wage workers employed by them.
“Due to elections, our work increases which also benefits us [financially],” Naveed Azam, a worker at a shop selling flags, told Arab News.
“We get incentives and household expenses are managed in a better way.”
Karachi’s Paper Market bustles with activity, flag sales surge amid election fever
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Karachi’s Paper Market bustles with activity, flag sales surge amid election fever
- One of the country’s largest flag manufacturers says it has sold around 100,000 flags of political parties in recent weeks
- Flags can be seen on street corners and flying atop houses in different parts of Pakistan ahead of Feb. 8 general elections
Pakistani PM speaks to Saudi, Qatari envoys as Iran fires missiles at US air base in Qatar
- Qatar called the attack a ‘flagrant violation’ of its sovereignty and said it reserved the right to respond
- In phone call with Saudi envoy, PM Shehbaz Sharif urges joint efforts to de-escalate tensions in the region
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif has expressed concern over Iran’s missile attack on a United States (US) military base in Qatar and called for efforts to restore peace in the region, Sharif’s office said on Monday, following his telephonic talk with Qatari and Saudi envoys to Islamabad.
Iran launched missile attacks Monday on US military bases in Qatar and Iraq in retaliation for the American bombing of its nuclear sites, state media said, amid escalating tensions in the volatile region.
Qatar said it had “successfully intercepted” missiles targeting the US base, and added it reserved the right to respond in accordance with international law. The US confirmed its air base was targeted by missile attack from Iran and said no casualties were reported.
Shortly after the attack, Sharif spoke with Qatar’s Ambassador to Islamabad Ali Mubarak Ali Essa Al-Khater and expressed solidarity with the Qatari government and people. He then spoke with Saudi Arabia’s Ambassador Nawaf bin Said-Al Malki.
“The Prime Minister urged that all efforts must be made to de-escalate tensions and restore peace in the region,” Sharif’s office said, following his conversation with the Saudi envoy.
“He said Pakistan would continue to work closely with the Kingdom of Saudi Arabia to intensify peace efforts.”
The Qatari and Saudi envoys thanked the prime minister for expressing solidarity and immediately reaching out to them after the development that could imperil peace and stability in the region, according to Sharif’s office.
Qatar earlier said it condemned the Iranian missile attack, calling it a “flagrant violation” of its sovereignty.
“We express the State of Qatar’s strong condemnation of the attack on Al-Udeid Air Base by the Iranian Revolutionary Guard Corps, and consider it a flagrant violation of the State of Qatar’s sovereignty and airspace, as well as of international law,” foreign ministry spokesman Majed Al-Ansari said in a statement.
The Al-Udeid air base is home to the US Combined Air Operations Center (CAOC), which provides command and control of air power across the region as well as the 379th Air Expeditionary Wing, the largest expeditionary wing in the world.
Iran’s retaliation came a day after the US launched a surprise attack Sunday morning on three of Iran’s nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.
Just before the explosions, Iranian President Masoud Pezeshkian wrote on the social platform X: “We neither initiated the war nor seeking it. But we will not leave invasion to the great Iran without answer.”
PIA cancels flights to Qatar, Bahrain, Kuwait and UAE after Iran attacks on US bases
- Iran confirmed it had attacked US forces stationed at Qatar’s Al-Udeid air base
- The retaliation came a day after the US attacked three of Iranian nuclear facilities
KARACHI: The Pakistan International Airlines (PIA) has canceled its flights to Qatar, Bahrain, Kuwait and the United Arab Emirates (UAE), it said on Monday, shortly after Iran struck United States (US) bases in Qatar with missiles.
Iran confirmed it had attacked American forces stationed at Qatar’s Al-Udeid air base. A caption on the screen called it “a mighty and successful response by the armed forces of Iran to America’s aggression” as martial music played during announcement on Iranian state television.
Qatar said it “successfully intercepted” missiles targeting the US base, and added it reserved the right to respond directly and in accordance with international law following the strikes. The US confirmed its air base in Qatar was targeted by missile attack from Iran and said no casualties were reported.
PIA said it had limited its flight operations as a precautionary measure due to the ongoing situation in the Gulf region, adding that its reservation department had started transferring the bookings of passengers to other flights.
“PIA flights will be resumed after the situation returns to normal,” the airline said in a statement. “All passengers who were traveling on these flights are requested to get timely information about their flights from the PIA call center.”
A UAE government spokesperson said they were closely monitoring the regional developments and continuously assessing the situation.
Kuwait’s civil aviation body issued a statement, saying: “The country’s airspace has been temporarily closed as a precautionary measure, starting today and until further notice. The decision comes within the framework of maintaining the highest levels of safety and security in light of regional developments.”
The Al-Udeid air base is home to the US Combined Air Operations Center (CAOC), which provides command and control of air power across the region as well as the 379th Air Expeditionary Wing, the largest expeditionary wing in the world.
Iran’s retaliation came a day after the US launched a surprise attack Sunday morning on three of Iran’s nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.
Just before the explosions, Iranian President Masoud Pezeshkian wrote on the social platform X: “We neither initiated the war nor seeking it. But we will not leave invasion to the great Iran without answer.”
Pakistan says holds ample petroleum reserves amid fears of Iran’s closure of Strait of Hormuz
- Iran’s parliament has approved cutting off the narrow shipping lane through which about 20 percent of global oil and gas passes
- State Minister Bilal Azhar Kayani says no cause of concern for Pakistanis, government prepared to address any uncertainties
ISLAMABAD: Pakistan has ample petroleum reserves and an uninterrupted supply chain, a junior minister said on Monday, amid fears that Iran may cut off a vital oil and gas shipping lane in retaliation for US strikes on its nuclear facilities.
Iran’s parliament has approved cutting off the Strait of Hormuz, a narrow shipping lane in the Arabian Gulf through which about 20 percent of global oil and gas passes. It’s now up to Iran’s national security council to decide whether to move forward with the idea, which could lead to a spike in the cost of goods and services worldwide.
The price of oil jumped 4 percent shortly after trading began on Sunday night, but it quickly pared back as the focus shifted from what the US military did to how Iran would react. Oil futures were flip-flopping in Monday morning trading between gains and losses. They still remain higher than they were before the fighting began a little more than a week ago.
Pakistan’s State Minister for Finance and Railway Bilal Azhar Kayani denied rumors about a shortage of petroleum products in the South Asian country, stressing that his government was closely monitoring developments following tensions between Iran, Israel and the US to ensure stability.
“The Oil and Gas Regulatory Authority (OGRA) has directed all oil marketing companies to strictly maintain mandatory reserve levels in light of current global conditions, mitigating potential risks,” Kayani was quoted as saying by Pakistan’s Press Information Department.
“There is no cause for concern as petroleum product inventories are sufficient and supply operations continue smoothly across the nation.”
The statement came hours after President Donald Trump called for the US and other oil-producing economies to pump more oil as the White House sharpened its warnings to Iran against closing the Strait of Hormuz.
Global markets were trying to ascertain what lays ahead after the US struck on Sunday key Iranian nuclear facilities with a barrage of 30,000-pound bunker busting bombs and Tomahawk missiles.
Pakistan lacks adequate resources to run its oil- and gas-powered plants and mainly sources its oil from Arab Gulf nations.
Kayani reassured citizens that the Prime Minister’s office, Ministry of Petroleum and the Ministry of Finance were continuously monitoring the situation.
“We are fully prepared to address any uncertainties,” he said, adding the government was committed to ensuring the country’s energy security.
Pakistan extends airspace closure for Indian aircraft until July 23
- The restriction was first imposed in Apr. as part of tit-for-tat measures by India and Pakistan after an attack in disputed Kashmir
- The attack, which India blamed on Pakistan without offering evidence, led to a four-day military conflict between the two countries in May
ISLAMABAD: Pakistan has extended for the second time its airspace ban on Indian aircraft until July 23, the Pakistan Airports Authority (PAA) said on Monday, citing continued tensions between the two countries.
The restriction was first imposed on Apr. 24 as part of a series of tit-for-tat measures announced by both India and Pakistan, days after an attack in Indian-administered Kashmir.
India blamed Pakistan for the assault that killed 26 tourists, Islamabad denied the allegation and called for a credible international probe into the incident. Both countries later engaged in a four-day military conflict in May.
“The ban on Indian aircraft from entering Pakistani airspace has been extended by one month,” the PAA said in a statement. “Pakistani airspace will remain closed to Indian aircraft until July 23, 2025.”
The ban applies to passenger and military aircraft operated by Indian airlines, according to the PAA. A Notice to Air Missions (NOTAM) has also been issued in this regard.
“Any aircraft registered in or leased by India would also be prohibited from using the Pakistani airspace,” the authority added.
Pakistan had previously extended the ban till June 24. It has forced Indian airlines to reroute their flights, resulting in increased fuel consumption, longer travel times and higher operational costs.
Air India, which operates numerous flights to Europe and North America, estimated in May that the airspace ban could lead to approximately $600 million in additional expenses over the course of a year and requested compensation from the Indian government.
Pakistan stocks, rupee plunge as investors react to US strikes on Iran
- Benchmark KSE-10 Index dropped more than 3 percent to the lowest in over six weeks
- Analysts say if there was no further escalation, value buying is expected to come through
KARACHI: Pakistan’s stocks and currency markets tumbled on Monday as investors reacted to the United States’ (US) foray into the Israel-Iran conflict, traders and analysts said.
The benchmark KSE-100 index dropped more than 3 percent to 116,167 points, the lowest in more than six weeks, while the rupee continued to weaken against the US dollar in the seventh consecutive session on Monday.
The index has plunged by nearly 5 percent since June 13 when Israel first hit Iranian military and nuclear targets in Natanz, Isfahan and Fordow, killing top generals and scientists among 78 people.
“Rising geopolitical tensions following a US strike on Iran shook investor confidence, causing the KSE-100 Index to drop by 3.2 percent,” Mohammad Waqas Ghani, head of research at JS Global Capital Ltd., told Arab News, adding that this was the fourth largest single-day decline in terms of points historically.
The attacks on Iran by the US, which followed Israeli strikes, have intensified the war and deepened geopolitical tensions in the Middle East, sending jitters to markets across the globe.
Monday’s 3.2 percent fall was the worst since May 8 when the index had plunged 5.9 percent day-on-day, according to Ghani.
“The spike in global oil prices has further intensified concerns about Pakistan’s external account vulnerabilities,” he added.
Cash-strapped Pakistan, which is trying to revive its debt-ridden economy with the help of International Monetary Fund’s $7 billion program, spent $17 billion on oil imports last year.
Raza Jafri, head of research at Intermarket Securities Ltd., attributed the day’s fall to redemptions at mutual funds and possible margin calls.
“Regional tensions are the main reason behind the weak sentiment,” he said, adding that if there was no further escalation, the value buying was expected to come through.
RUPEE DROP
The ongoing tensions have also impacted the Pakistani currency that lost another 0.06 percent as the greenback closed at Rs283.87, according to State Bank of Pakistan (SBP) data.
The rupee is constantly falling and has devalued 0.3 percent since the start of Iran-Israel conflict.
“The rupee is feeling the heat of this war, very negligibly though,” Zafar Paracha, secretary-general of the Exchange Companies Association of Pakistan, told Arab News.
“This stability in the exchange rate reflects the overall macroeconomic stability the country has achieved.”
