China says ready to strengthen counter-terrorism cooperation after deadly Pakistan suicide attack

Security officials inspect the wreckage of a vehicle which was carrying Chinese nationals that plunged into a deep ravine off the mountainous Karakoram Highway after a suicide attack near Besham city in the Shangla district of Khyber Pakhtunkhwa province on March 26, 2024. (AFP)
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Updated 16 April 2024
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China says ready to strengthen counter-terrorism cooperation after deadly Pakistan suicide attack

  • On Mar. 26, suicide bomber hit a convoy of Chinese engineers working on Dasu hydropower project 
  • Five Chinese nationals and their Pakistani driver were killed in the attack in northwestern Pakistan 

ISLAMABAD: Chinese Ambassador to Pakistan Jiang Zaidong has said Beijing was ready to enhance counter-terrorism and security cooperation between the two nations, Radio Pakistan reported on Tuesday, two weeks after the killing of five Chinese nationals in a suicide attack in Pakistan’s northwest.

On Mar. 26, a suicide bomber rammed a vehicle into a convoy of Chinese engineers working on a hydropower project at Dasu in the northwestern Khyber Pakhtunkhwa province, killing five Chinese nationals and their Pakistani driver.

The assault was the third major attack in little over a week on China’s interests in the South Asian nation, where Beijing has invested more than $65 billion in infrastructure projects as part of its wider Belt and Road initiative. 

“China stands ready to work hand-in-hand with Pakistan to defeat the evil attempt at disrupting our cooperation,” Jiang was quoted as saying in a report published by state-run Radio Pakistan. 

“We are also ready to work with Pakistan to safeguard development with security and to promote security with development … We should take the promotion of international security as a support, and further enhance China-Pakistan counter-terrorism and security cooperation.”

Jiang said all countries needed to “work together in addressing various security challenges for win-win results.”

He expressed hope that Pakistan would speed up the investigation of the Mar. 26 attack and bring the perpetrators to justice. 

“We should take economic security as foundation, and continue to promote the building of an upgraded version of CPEC,” Jiang said. “For this purpose, China stands ready to further strengthen counter-terrorism and security cooperation with Pakistan, to maintain high pressure and rigorous operation, so as to decisively strike the terrorism.”

The Mar. 26 bombing followed a Mar. 20 attack on a strategic port used by China in the southwestern province of Balochistan, where Beijing has poured billions of dollars into infrastructure projects, and a Mar. 25 assault on a naval air base, also in the southwest. Both attacks were claimed by the Baloch Liberation Army (BLA), the most prominent of several separatist groups in Balochistan.

Dasu, the site of a major dam, has been attacked in the past, with a bus blast in 2021 killing 13 people, nine Chinese among them, although no group claimed responsibility, like the Mar. 26 bombing.
 
Pakistan is home to twin insurgencies, one mounted by religiously-motivated militants and the other by ethnic separatists who seek secession, blaming the government’s inequitable division of natural resources in southwestern Balochistan province.

Chinese interests are under attack primarily by ethnic militants seeking to push Beijing out of mineral-rich Balochistan, but that area is far from the site of the Mar. 26 bombing. 


Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

Updated 8 sec ago
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Pakistan to launch yuan-denominated Panda bonds by June, finance minister says

  • The South Asian country intends to raise approximately $200 million from Chinese investors through Panda bonds
  • Muhammad Aurangzeb says the move is part of a strategy to achieve sustainability in Pakistan’s balance of payments

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that Pakistan plans to launch yuan-denominated Panda bonds in June to enhance its presence in Chinese capital markets, Pakistani state media reported on Sunday.
The development follows an upgrade in Pakistan’s sovereign rating by all three major credit agencies. The country aims to get into the “single-B” category that would allow it to return to global bond markets to raise funds.
Aurangzeb said the South Asian country intends to raise approximately $200 million from Chinese investors through the issuance of the Panda bonds, the Radio Pakistan broadcaster reported.
“This step is part of a broader strategy to transition Pakistan’s economy toward export-driven growth, with a focus on achieving sustainability in the country’s balance of payments,” he was quoted as telling Hong Kong’s TVB news channel.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. The government is optimistic it will meet the terms of the program.
Pakistan is being advised on the issuance of Panda bonds by the China International Capital Corporation, a partially state-owned financial services company, according to the finance minister. However, the latest figure is lower than the $300 million targeted by Pakistan last year.
Aurangzeb extended an invitation to Hong Kong to send delegations to explore trade and financial opportunities in Pakistan, according to the Radio Pakistan report.
“Hong Kong could serve as a strategic hub for joint ventures between Chinese and Pakistani companies,” he said.
To revive its $350 billion economy, Pakistan has been making efforts to position itself as a regional trade and transit hub by leveraging its strategic geopolitical position.
The South Asian country has witnessed a flurry of visits, investment talks and economic activity involving officials from Saudi Arabia, United Arab Emirates, China and Central Asian nations in recent months.


Pakistani security forces kill five militants in volatile southwest — military

Updated 19 January 2025
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Pakistani security forces kill five militants in volatile southwest — military

  • The militants were killed while attempting to ‘infiltrate’ Pakistan’s border in Balochistan’s Zhob district
  • Islamabad blames a surge in militancy on militants operating out of Afghanistan, Kabul denies allegation

ISLAMABAD: Pakistani security forces have gunned down five militants in the country’s southwestern Balochistan province, the Pakistani military said on Sunday.
Balochistan, Pakistan’s largest province in terms of landmass that borders Iran and Afghanistan, has been the site of a low-level insurgency by Baloch separatists and religiously motivated militant groups.
The militants were killed while attempting to infiltrate Pakistan’s border in Balochistan’s Zhob district, according to the Inter-Services Public Relations (ISPR), the military’s media wing.
“Pakistan has consistently been asking Interim Afghan Government to ensure effective border management on their side of the border,” the ISPR said in a statement.
“Interim Afghan Government is expected to fulfill its obligations and deny the use of Afghan soil by Khwarij [Pakistani Taliban militants] for perpetuating acts of terrorism against Pakistan.”
The Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), have frequently targeted Pakistani forces in the northwestern Khyber Pakhtunkhwa (KP) province. The group has also maintained some presence in Balochistan. 
This week, Pakistani security forces also killed 27 militants in an intelligence-based operation in Balochistan’s Kacchi district, according to the ISPR. The deceased militants had been involved in militant activities against security forces as well as innocent civilians and were “highly wanted” by law enforcement agencies.
Islamabad has frequently accused neighboring Afghanistan of sheltering and supporting militant groups that launch cross-border attacks. Afghan officials deny involvement, insisting Pakistan’s security issues are an internal matter of Islamabad.


Masood defends Pakistan’s spin-spiced formula after Windies win

Updated 19 January 2025
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Masood defends Pakistan’s spin-spiced formula after Windies win

  • Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27
  • The Test lasted fewer than eight sessions on a dry, grassless Multan Stadium pitch, with spinners taking 34 of 40 wickets to fall

MULTAN: Skipper Shan Masood defended Pakistan’s formula of using spin-friendly pitches to win home Test matches after a 127-run victory over the West Indies in Multan on Sunday.
Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27 to dismiss the West Indies for 123 after setting a 251-run target.
The Test lasted fewer than eight sessions on a dry and grassless Multan Stadium pitch, with spinners taking 34 of the 40 wickets to fall.
Sajid finished with nine wickets, fellow spinner Noman Ali six and the West Indian left-armer Jomel Warrican took a maiden 10-wicket haul.
Pakistan bowled just one over of pace in the match.
“If we want to be a top side in the World Test Championship then we have to sacrifice some things, like we did with the fast bowling in this Test,” Masood said.
Pakistan made drastic changes after going winless in 11 home Tests since 2021, using industrial fans and patio heaters to dry the Multan pitch against England last year.
Sajid and Noman took 39 of the 40 wickets to give Pakistan a come-from-behind 2-1 series win against England, repeating the same ploy against the West Indies.
Masood’s captain counterpart Kraigg Brathwaite had no issue with it.
They will play the second Test from January 25 at the same venue.
“They’re at home so they got their decision how they want the pitch to behave,” said Brathwaite.
“It was a difficult pitch to bat on for sure.
“We expect the same type of pitch in the second Test so we got to come better with bravery and belief.”
Left-hander Alick Athanaze hit the only half-century for the tourists in the match with 55, an innings Brathwaite wants his batters to learn from.
“He swept it on both sides so we just have to be brave,” said Brathwaite.
“We have got one more Test and we have to believe in ourselves.”


Pakistan to send trade delegations to Bangladesh on Jan. 19, 20 amid thaw in ties

Updated 19 January 2025
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Pakistan to send trade delegations to Bangladesh on Jan. 19, 20 amid thaw in ties

  • Pakistan to send business delegations of citrus, date fruits to Bangladesh next week
  • Trade exhibition to showcase Pakistan’s potential in Bangladeshi market, says organizer

ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) said on Sunday it will send two trade delegations to Bangladesh from Jan. 19-20 in a bid to increase bilateral relations and economic collaboration, as both countries move to repair strained ties. 

Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

In the years since, Bangladeshi leaders, particularly former prime minister Sheikh Hasina, chose to maintain close ties with India. Relations between Pakistan and Bangladesh have warmed up since Hasina’s ouster as a result of a student-led uprising in August 2024, witnessing a marked improvement.

The TDAP said that it would send two Pakistani trade delegations focusing on the trade of date fruits and citrus between the two countries.

“The first delegation of dates comprising 13 exporters will leave for a week-long visit on Jan. 19 while the second delegation of citrus will leave for a business-to-business (B2B) meeting on Jan. 20,” the TDAP said. 

It said the business delegations aimed to explore more trade opportunities, promote business partnerships and Pakistan’s export potential in the Bangladeshi market. 

Muhammad Zubair Motiwala, TDAP chief executive, said the authority planned to organize a trade exhibition in Bangladesh where Pakistani entrepreneurs will have a chance to showcase their products. 

“Pakistan is one of the top ten importers of Bangladesh, covering sectors such as textiles, agriculture, food, chemicals and basic metals, but there is still room for further expansion of these imports,” he said. 

He said both countries have been in talks for a Free Trade Agreement (FTA) since 2002, adding that it could pave the way for greater opportunities for the people of both countries. 

The development comes after Tuesday’s signing of a landmark agreement between Pakistan and Bangladeshi businesspersons to establish a joint business council between the two countries.

Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka at the start of February to further consolidate the relations between the two countries.


Pakistan says ‘CPEC 2.0’ to attract more Chinese companies and investment

Updated 19 January 2025
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Pakistan says ‘CPEC 2.0’ to attract more Chinese companies and investment

  • CPEC, a multi-billion-dollar project, connects China and Pakistan through network of highways, railways and pipelines
  • Pakistan says CPEC’s second phase will involve advanced technological transfer, and focus on industrialization and SEZs 

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Sunday that the second phase of the China-Pakistan Economic Corridor (CPEC) project will attract more Chinese investment and companies, as Islamabad eyes greater collaboration with Beijing to bolster its economy. 

CPEC is a multi-billion-dollar project that connects China and Pakistan through a network of highways, railways and pipelines. In December 2024, Pakistan announced that both countries would work on the CPEC project with a renewed focus. 

The government has said that the second phase of the CPEC project would be known as “CPEC 2.0” and would involve deeper collaboration, advanced technological transfer and transformative socio-economic projects.

“Finance Minister Muhammad Aurangzeb stressed the importance of CPEC 2.0,” Pakistan’s finance ministry said while speaking to Hong Kong’s TVB News. 

“The second phase of the China-Pakistan Economic Corridor will attract more Chinese companies and investment,” the finance minister said. 

Aurangzeb, who this week attended the Asian Financial Forum in Hong Kong, invited the Asian country to send delegations to explore trade and financial opportunities in Pakistan.

“Hong Kong can be a suitable location for joint ventures between Chinese and Pakistani companies,” the finance minister was quoted as saying. 

Pakistan’s foreign ministry said last week that the second phase of the project would focus on industrialization and Special Economic Zones (SEZs) as well as on clean energy, agriculture and livelihood projects. 

However, the project has been hit by Islamabad struggling to keep up financial obligations as well as attacks on Chinese targets by militants, especially in the country’s southwestern province.