I will be going against the grain, and advice very differently from the other posters.
First, I note that you have not given any budget, and so, I assume that "money is not an issue" here?
Second, I note that you have a zoom already. You do not say that you hate your zoom, so I assume that you don't
And third....I'll recommend getting primes (fixed focal length) lenses. I personally find that when I use a zoom, I get sloppy in composing: just turn a ring. With a prime, I have to "zoom with my feet - and as I am already moving, then I might just step a little to the right also to get a better framing". I just get better composed pictures that way.
Another reason why I recommend against a zoom is....apertures. If the glass in the lenses are the heart of image quality, then the aperture is the lungs: just as important for the whole thing to work out. With a given focal length, the aperture at the time of exposure determines a lot of things, such as the "depth of field", how "sharp" the image renders, risk of vignetting, how out-of-focus parts of the image renders, if there's going to be refraction, etc.
With a prime, you will get to know exactly what it's "sweet spots" are with all that, it will become second nature: for this given lens, I get this result when I set the aperture thus...always. With a prime, you may set exposure and focus and all that, and then decide to zoom a bit....*bam* you've now changed the focal length so logically you should change the aperture to still obtain the result you want - most people (at least, I) don't, however, because doing so requires looking at the lens barrel to know what the current focal length actually is.
I have, and use, two zooms myself: 16-50/2.8 and 50-135/2.8. They're great, but I have to make an effort (or, not care) about the above, which I don't have to do when using primes.
I will make three recommendations, though, and give my opinions - knowing that choosing basic lenses is a hugely personal matter, and that my opinions and thoughts may not at all be right for you or anybody else.
So...
For portraitures and moderate tele, there really are three lenses that I find good: the 55/1.4, the 77/1.8Ltd and the 70/2.4Ltd. As some may know, I am a sucker for fast lenses - a metric on which the 55/1.4 wins this competition. It is a brilliant lens, great IQ, silent AF, modern, DA* so water resistant (like your K5). The 77/1.8Ltd is, probably, my favorite focal length in this range for "moderate tele work", though, but it's pricy, it doesn't do SDM (silent and fast AF using an in-lens motor), is not water resistant, does not have quick-shift etc). Thus, for a "portraiture and moderate tele lens" for you, I'd actually suggest that the 55/1.4 would be perfect.
For wide-angles, there're really an extra question: do you want wide-angle, or do want ultra-wide angle. Either way, Pentax actually offers something that'll work. For Ultra wide-angle, it's the legendary 15mm Limited that wins the battle: rectilinear, sturdy metal construction, great rendition and IQ all around.
My guess is, however, that you do not really want ultra-wide angle, but a more classic wide-angle, and to that effect I would humbly recommend the 21mm Ltd. To me, it's basically the 15mm Limited (i.e. it has the same qualities) but slightly less wide and so slightly less distortion and a more "classic wide-angle" field of view.
In summary, therefore: Don't get another zoom. Get the DA*55/1.4 and the DA 21/3.2 Limited. I think that this will give you just what you are looking for.
But, wait...I promised three recommendations. Ok, here goes....the perfect three-lens kit includes also the DA 35/2.8Limited. Why? Well, to me that is the /perfect/ normal lens for walking about, it renders images beautifully and....it's a MACRO lens. It's the lens I stick on my camera almost every single time I venture into the nature, and I often use nothing /but/ the 35/2.8.
So, summarizing again:
1) If you're set on two lenses, I'd go with DA*55/1.4 and DA 21/3.2Ltd.
2) If you're open for three lenses, then I'd add the DA 35/2.8Ltd Macro to the two above.
Of course, while this is a pricy recommendation, I honestly believe that you're better off investing in good glass that will make you happy once, than you are in buying a cheaper (and slightly unsatisfactory) glass that will either turn you off photography or force you to invest again later....