ISLAMABAD: In a significant development, the National Press Club in Dhaka arranged an event in remembrance of Pakistan’s founding father, Muhammad Ali Jinnah, to mark his 76th death anniversary with Urdu songs, poetry, and recitals this week, according to a report published by a Bangladeshi newspaper on Thursday.
The tribute to Jinnah comes at a time of profound political change in Bangladesh, where just weeks ago, a student-led protest toppled Prime Minister Sheikh Hasina Wajid’s government, marking the end of her 15-year rule.
The unrest led to the toppling of statues of Sheikh Mujibur Rahman, the nation’s founding father and Wajid’s father, amidst widespread dissatisfaction with his daughter’s increasingly autocratic governance.
The event in remembrance of Pakistan’s founding leader is particularly striking, given Bangladesh’s historical resentment toward Pakistan over the events of the 1971 independence war, signaling a re-evaluation of the country’s political and historical narratives, driven by a turbulent domestic environment and evolving sentiments toward its neighbors.
“If Bangladesh had not been part of Pakistan in 1947, we would have been in the same position as Kashmir today, with the Indian junta holding weapons to our necks,” one of the speakers identified as Muhammad Samsuddin was quoted as saying by the newspaper. “Bangladesh gained independence because of Pakistan, which Jinnah helped create.”
“Why should we change the name of Allama Iqbal Hall or Jinnah Avenue,” he asked. “These changes were made because [New] Delhi wanted them, but we did not. Bangladesh must foster strong relations with China and Pakistan.”
Another speaker, Nazrul Islam, said Bangladesh should continue to have good relations with Pakistan.
“If Jinnah had not been there, Pakistan would not have existed, and without Pakistan, Bangladesh would not exist,” he continued. “Jinnah is the father of our nation, but we do not acknowledge it.”
“We must preserve our brotherhood, and I hope that both Jinnah’s birth and death anniversaries will continue to be observed here every year,” he added.
The Bangladeshi newspaper informed the Pakistani high commissioner was invited to the event, though he could not attend the ceremony and sent his deputy.
Two Pakistani students studying in Bangladesh were present at the gathering and performed Urdu songs dedicated to their country’s founding father.
 

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Friday rallied by more than 300 points, according to the PSX website, following a policy rate cut by the central bank and positive developments with regard to the country’s International Monetary Fund (IMF) bailout.

The benchmark KSE-100 index rose by more than 800 on Friday morning, but declined in the afternoon trading session to close at 79,333, up by 315 points.

A day earlier, the central bank cut its key policy rate by 200 basis points to 17.5 percent — the third straight reduction since June as the country looks to spur growth as inflation eases.

“The MPC assessed the real interest rate to still be adequately positive to bring inflation down to the medium-term target of 5–7 percent and help ensure macroeconomic stability,” the State Bank of Pakistan’s Monetary Policy Committee said in a statement, announcing the cut.

“This would be essential to achieve sustainable economic growth over the medium term.”

Separately, the IMF said its board would meet at the end of this month to discuss Pakistan’s new $7 billion bailout program that was agreed in July.

“All matters with the IMF have been settled amicably,” Finance Minister Muhammad Aurangzeb said in a statement on Thursday. “These matters will be finalized in the meeting of the IMF board this month.”

Pakistan’s sovereign dollar bonds also rallied on Thursday, with the 2031 maturity trading 1 cent higher to bid at 79.93 cents on the dollar, according to Tradeweb data.