Pakistan eyes better diplomatic opening with Mullah Akhund as Afghanistan PM

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By Hamza Ameer
Islamabad, Sep 8 |
The appointment of veteran Taliban leader Mullah Muhammad Hassan Akhund as Afghanistan’s caretaker Prime Minister, with Mullah Abdul Ghani Baradar as his deputy, comes as a pleasant development for Pakistan as Akhund has a history of being close to its powerful military establishment.

Mullah Akhund comes from the Zarai district of Kandahar. He is the co-founder of the Taliban movement and happens to be one of the closest associates of Mullah Omar. In fact, they were friends from their teen days.

The 71-year-old did his early education in various seminaries of Afghanistan. However, he was unable to complete his education due to the war against the Soviets. It is said that Akhund was among those who conceived the idea of the Taliban movement.

He played a major part in opening diplomatic channels with countries including Pakistan, Saudi Arabia and the United Arab Emirates (UAE) during its first stint in power.

The development holds importance for Pakistan as the top tier of the Taliban will have easier access and discussions with the Pakistani establishment as the common ground is already established between the two from the 1990s.

Afghanistan is now gaining global attention as the country heads towards a major humanitarian crisis with the United Nations calling for an immediate aid supply of at least $660 million, for at least four months, to cater to the possible disaster.

Pakistan’s role will remain important in the overall supply aid along with manoeuvring internal changes and decision-making, aimed at formulating a system that is acceptable and termed legitimate to the world.

For this purpose, engaging with the Taliban leadership holds undeniable importance. And now with the current leadership in Afghanistan in place, Islamabad may well be the main channel for communication, influence, and contemplation tactics for global powers including the United States and NATO countries.

This comes even ash anti-Pakistan sentiments are boiling in Afghanistan, visible images of which were witnessed on Tuesday in rallies taken out in Kabul with anti-Pakistan slogans being chanted.

Taliban spokesman Zabiullah Mujahid, however, rejects the claim that Taliban are accepting Pakistani influence in formation of the government and in taking decisions for Afghanistan.

“Pakistan does not influence us in our matters. This is a false narrative that is being propagated,” he said at a press conference where the caretaker government was announced.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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