Soldier killed in IED blast, three militants killed in separate attacks

A Pakistani army soldier stands guard near a border terminal in Ghulam Khan, a town in North Waziristan, on the border between Pakistan and Afghanistan, on January 27, 2019. (AFP/File)
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Updated 21 November 2023
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Soldier killed in IED blast, three militants killed in separate attacks

  • Pakistan has witnessed an uptick in militant violence in its northwestern region bordering Afghanistan
  • Its forces regularly carry out intelligence-based operations in the region to eliminate militant presence

ISLAMABAD: Security forces killed three militants and lost one soldier in separate incidents in Pakistan’s northwestern region bordering Afghanistan, which has witnessed an uptick in extremist violence in recent months, said the army’s media wing, ISPR, in a statement on Tuesday.

The Pakistani forces launched an intelligence-based operation (IBO) in the general area of Kulachi in Dera Ismail Khan district on Monday where two militants were killed after an intense exchange of fire.

A separate operation was also carried out in South Waziristan’s Kot Azam area where another militant was killed.

“Weapons and ammunition were recovered from all three killed terrorists, who remained actively involved in numerous terrorist activities against security forces as well as innocent civilians,” the ISPR said.

Meanwhile, a 26-year-old soldier, Sepoy Shahzeb, lost his life in North Waziristan tribal district after an improvised explosive device went off.

“Sanitization operations are being carried out to eliminate any terrorists present in the area as the security forces of Pakistan are determined to wipe out the menace of terrorism and such sacrifices of our brave soldiers further strengthen our resolve,” the ISPR added.

Pakistan’s top officials have frequently blamed militant networks hiding in Afghanistan for launching cross-border attacks against its security personnel and civilian population.

Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed his disappointment with the Taliban administration in Kabul earlier this month for not clamping down on militants operating from Afghan territory and even accused it of facilitating some of these attacks.

Kakar also said that militant violence had increased in Pakistan by 60 percent and suicide bombings had shot up by 500 percent since the formation of the interim Afghan administration two years ago.

Pakistan has started deporting unregistered Afghans and other foreign nationals, following accusations of their involvement in suicide bombings and combat against Pakistan’s counterterrorism forces.


Pakistan’s finance chief eyes ‘step-change’ US investment after Washington trade talks

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Pakistan’s finance chief eyes ‘step-change’ US investment after Washington trade talks

  • Minister Muhammad Aurangzeb hints at forthcoming ‘leadership-level’ announcement in coming days
  • Says both sides have identified investment areas including minerals, mining and artificial intelligence

KARACHI: Pakistan and the United States are exploring a shift in their economic engagement from a trade-focused relationship to one anchored in long-term investment, Finance Minister Muhammad Aurangzeb said in a video message after high-level talks in Washington on Friday.

The meeting between Aurangzeb, US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer followed a virtual discussion last month during which both sides agreed to push negotiations forward “at the earliest.”

The talks come after the US imposed a 29 percent “reciprocal tariff” on Pakistani exports under President Donald Trump’s trade measures announced in April, a move Islamabad said could undercut its fragile, export-led recovery.

“One thing we discussed was that we have to move beyond the immediate trade imperative for it to be brought into the next level and bring in a real step change,” Aurangzeb said after his interaction with US officials.

“So, the investment imperative will come forward, and areas have already been identified in terms of minerals and mining, in terms of AI [artificial intelligence], in terms of digital infrastructure [and] crypto,” he continued. “We feel that this will be a real game changer, God willing, in terms of the relationship and the economic relationship between Pakistan and the United States.”

The Pakistani finance chief said both sides were committed to resolving outstanding trade issues to move “toward the finishing line” and begin investment-related discussions “very quickly.”

He also hinted at forthcoming announcements “at the leadership level,” which he said would reflect all the hard work and efforts that have been put in both by Pakistan and on the US side.

“We begin with trade, and then it will very quickly be followed through with investment discussions between the two countries and real execution of the investment upside,” he said, calling the next phase a “real win-win for Pakistan and the United States.”

Pakistan’s finance ministry has said the US remains its largest trading partner while emphasizing Islamabad’s interest in expanding cooperation beyond textiles to other sectors.

The US is Pakistan’s top export destination, with shipments totaling $5.44 billion in the 2023-24 fiscal year.

From July 2024 to February 2025, exports rose 10 percent from a year earlier, according to official data.


Relief operations underway as Pakistan rain death toll nears 200

Updated 19 July 2025
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Relief operations underway as Pakistan rain death toll nears 200

  • The downpours have also damaged nearly 700 homes across the South Asian country
  • Punjab deputy commissioners to remain in field until rainwater drainage is completed

ISLAMABAD: Authorities were conducting relief operations in several areas across Pakistan after this week’s torrential rains appeared to largely subside, with the death toll from rain-related incidents nearing 200 since late June.

Pakistan’s most populous Punjab province has been the hardest hit with 114 deaths, followed by 40 in Khyber Pakhtunkhwa (KP), 21 in Sindh, 16 in Balochistan and one each in Islamabad and Azad Kashmir since June 26, according to the National Disaster Management Authority (NDMA).

Authorities rescued four special persons who were stranded in floodwaters, while 18 others were evacuated to safety in Kacha Rokhri area in Punjab’s Minawali district, the ruling Pakistan Muslim League-Nawaz party said on X, citing authorities.

“Immediate cleaning of landslide-affected roads in different areas of Chakwal has started. Administration, rescue and heavy machinery are present on the spot,” the party said.

“Deputy commissioners have been instructed to remain in the field until rainwater drainage is completed.”

The downpours have also damaged nearly 700 homes across the South Asian country, according to the disaster management authorities. Rations, blankets and tents are being distributed by local administrations in affected areas.

“Scattered thunderstorm/rain with isolated heavy falls is expected over Sindh, East Balochistan and South Punjab,” the NDMA said in its weather outlook for Saturday and Sunday.

Monsoon season brings South Asia 70 to 80 percent of its annual rainfall, arriving in early June in India and late June in Pakistan, and lasting through until September.

The annual rains are vital for agriculture and food security, and the livelihoods of millions of farmers. But increasingly erratic and extreme weather patterns are turning the rains into a destructive force.

In 2022, record-breaking monsoon rains combined with glacial melt submerged nearly a third of Pakistan, killing more than 1,700 people and displacing over 8 million. In May, at least 32 people were killed in severe storms, including strong hailstorms.


Pakistani tech firms urge 10-year tax stability, one-window compliance to ‘supercharge’ exports

Updated 19 July 2025
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Pakistani tech firms urge 10-year tax stability, one-window compliance to ‘supercharge’ exports

  • Pakistan recorded monthly IT exports of $338 million in June, up by 14% year on year and by 3% month on month
  • Tech firms say they aren’t seeking subsidies, but predictability, digitalization and administrative simplification

KARACHI: Pakistan can unlock billions in tech investment if it gives investors predictable taxes, friction-free remittances and a single digital compliance experience, the Pakistan Software Houses Association (P@SHA) said on Friday.

P@SHA said it presented a “Continuity & Consistency reform package” to the Ministry of Finance earlier this year, laying out a small number of high-impact changes that would slash compliance costs, bring tens of thousands of remote digital workers into the formal tax net, and catalyze both domestic and foreign investment into Pakistani tech firms.

The requested changes are not subsidies; they are predictability, digitalization, and administrative simplification. Most steps can be budget-neutral or revenue-positive once increased documentation, broadened compliance, and higher recorded export flows are taken into account.

“Every serious investor, local or international, asks the same two questions: What will my tax exposure be, and will the rules change after I invest?” P@SHA Chairman Sajjad Syed said.

“Right now, innovators spend too much time navigating overlapping regimes and too little time building export-earning products. If we hard-code continuity and make compliance near effortless, capital will move to Pakistan.”

Pakistan tech firms have been demonstrating their growing potential in the IT sector by showcasing their products and services at global forums, including the LEAP tech conference in Riyadh and GITEX global exhibition in Dubai.

Pakistan recorded monthly IT exports of $338 million in June, up by 14% year on year and by 3% month on month, according to Karachi-based Toplines Securities brokerage and market research firm. This took Pakistan’s annual IT exports to $3.8 billion, up by 18% YoY, in the outgoing fiscal year that ended in June.

In its statement, P@SHA urged continuation of the 10-Year Final Tax Regime (FTR) on information technology/IT-enabled services (IT/ITeS) export income, removal of discrepancies in tax rates where Pakistani IT companies get penalized for running payrolls from Pakistan, exemption of the Capital Gains Tax to secure investor’s confidence among other measures.

The association proposed joint working sessions with the Federal Board of Revenue, Ministry of IT & Telecom, State Bank of Pakistan, National Tax Council, and provincial revenue authorities to translate its proposed reforms package into draft language, digital filing flows, and phased rollout milestones, recommending immediate start of technical work.

“Pakistan stands at an inflection point: with its young talent base, global client footprint, and expanding startup ecosystem, the country can compete for high-value digital work, if investors trust the rules,” it said. “P@SHA urges policymakers to seize this moment to send that signal.”


Pakistan dominate IBSF World Snooker Championship in Bahrain with twin titles

Updated 19 July 2025
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Pakistan dominate IBSF World Snooker Championship in Bahrain with twin titles

  • Veteran Mohmmad Asif beats India’s Brijesh Damani 4-3 in a nail-biting Masters encounter
  • Hasnain produces clinical display of cue mastery, sweeping past Riley Powell of Wales 4-0

ISLAMABAD: Pakistan on Friday stamped their authority on the global snooker stage as Mohammad Asif and Muhammad Hasnain clinched both the Masters and Under-17 titles after a thrilling finale at the IBSF World Snooker Championship 2025 in Bahrain.

Asif faced a stern test in the World Masters final, going toe-to-toe with India’s Brijesh Damani in a nail-biting encounter. After six fiercely contested frames, the Pakistani star cueist held his nerve in the decider to edge Damani 4-3, clinching yet another major title.

Punjab Chief Minister Maryam Nawaz congratulated Asif on his brilliant win in the Masters category.

“Mohammad Asif has brought pride to Pakistan on the global stage by defeating his Indian opponent through sheer hard work, skill, and determination,” she was quoted as saying by her Pakistan Muslim League Nawaz (PML-N) party.

Muhammad Asif of Pakistan receives the Masters title award at the IBSF World Snooker Championship in Manama, Bahrain, on July 18, 2025. (Handout/IBSF)

Asif advanced to the final with an impressive 4-2 win over India’s Manan Chandra in the semifinal on Thursday at the Crowne Plaza, Bahrain.

Meanwhile, Hasnain produced a clinical display of cue mastery, sweeping past Riley Powell of Wales 4-0 to seize the World Under-17 Snooker crown.

“The young prodigy remained unshaken throughout, showcasing composure beyond his years to secure the gold,” the IBSF said on its website.

Pakistan’s Muhammad Hasnain receives the Under-17 title award at the IBSF World Snooker Championship in Manama, Bahrain, on July 18, 2025. (Handout/IBSF)

 


Pakistan plans to build $10.5 million aquaculture park to promote seafood exports

Updated 19 July 2025
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Pakistan plans to build $10.5 million aquaculture park to promote seafood exports

  • The development comes amid government efforts for sustainable use of ocean resources for economic growth
  • Pakistan’s fish and fish preparation exports reached $465.4 million in the last fiscal year that ended in June

KARACHI: Pakistan is planning to build Rs3 billion ($10.5 million) aquaculture park in the southern port city of Karachi, Maritime Affairs Minister Junaid Anwar Chaudhry announced on Saturday, amid efforts to strengthen the country’s blue economy.

According to the World Bank, the blue economy is defined as sustainable use of ocean resources for economic growth, improving livelihoods and creating jobs, while preserving the ocean ecosystem health.

Pakistan has been pushing to modernize its port infrastructure and expand its role in regional trade by improving cargo handling, digitalizing port operations and encouraging public-private partnerships.

Speaking at a meeting to review progress on blue economy, Chaudhry said this new aquaculture park will be built on 120 acres and directed the Qur'angi Fish Harbor Authority to submit its report within 10 days.

“Pakistani coastal waters are very suitable for aquaculture,” he said in a statement shared by the maritime affairs ministry. “The project will be built under a public-private partnership and the park will boost seafood exports.

Pakistan’s fish and fish preparation exports reached $465.4 million in the outgoing fiscal year that ended in June, according to official data. The exports were up 13.4 percent from $410.3 million in the previous year.

Authorities are currently trying to enhance the potential of Pakistan’s fisheries, logistics and marine services while reducing environmental harm.

“Investment in aquaculture and port infrastructure is essential for national development,” Chaudhry told representatives of Gwadar Port, Qur'angi Fish Harbor, Marine Fisheries and Balochistan Chambers of Commerce and Industry at the meeting.

“The same aquaculture model will be implemented in Balochistan as well.”

In May, the Pakistani government announced the creation of a new Maritime Chamber of Commerce and Industry (MCCI), saying it would serve as a specialized platform for uniting stakeholders from across the maritime spectrum to pursue greener policies and long-term economic resilience.

“This chamber will not only support investment and innovation in the maritime sector but also prioritize sustainability at ports, promote green technologies and foster carbon reduction strategies,” Chaudhry said at the time.