Pakistan vows to eliminate ‘terrorism’ as railway station attack kills 26 in southwest

Police officers and people gather at the site amid the debris after a bomb blast at a railway station in Quetta on November 9, 2024. (REUTERS)
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Updated 10 November 2024
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Pakistan vows to eliminate ‘terrorism’ as railway station attack kills 26 in southwest

  • Bomb blast at Quetta Railway Station on Saturday killed at least 26, injured 64 in southwestern city
  • Interior Minister Mohsin Naqvi calls for unity to battle fresh “wave” of militancy in the country

QUETTA: Interior Minister Mohsin Naqvi this week resolved to eliminate the fresh surge in “terrorism” in the country after a bomb blast claimed by a separatist outfit in the country’s southwest killed at least 26 people on Saturday. 
Officials said at least 26 people were killed and 64 injured on Saturday when a bomb blast struck a railway station in Pakistan’s southwestern city of Quetta. 
The outlawed Balochistan Liberation Army (BLA) group, the most prominent of militant groups in Balochistan, took responsibility for the attack, the deadliest since a string of coordinated attacks on Aug. 25-26 in which more than 50 people, civilians and security officials, were killed.
In a statement shared with the media, the BLA said its suicide unit, the Majeed Brigade, had carried out the bombing to target a “Pakistani army unit” returning via train after completing a course at an infantry school. The claim has not yet been confirmed by the Pakistani military.
“We must battle this terrorism together. Apart from the Balochistan government and the federation, the people of Pakistan have to fight against it too,” Naqvi told reporters in Quetta at a news conference with Balochistan Chief Minister Sarfaraz Bugti by his side. 
“And you will see, god willing as the chief minister said, we will eliminate this wave of terrorism.”




Passengers’ belongings are seen scattered on the platform after an explosion at a railway station in Quetta, in Pakistan’s Balochistan province, on November 9, 2024. (AFP)

The Pakistani minister reiterated that the federal government is standing by the Balochistan government and was providing full support to battle militancy in the country. 
Later Pakistan Army Chief General Syed Asim Munir, Naqvi, Bugti and the governor of Balochistan attended funeral prayers for those who were killed in the Quetta Railway Station attack, the military’s media wing said. 
Senior provincial ministers and a large number of military and civilian officials also took part in the funeral prayers at the Quetta Garrison before the deceased were laid to rest, the Inter-Services Public Relations (ISPR) said. 




People mourn the death of their relatives outside a hospital following a bomb blast at a railway station in Quetta, in Pakistan’s Balochistan province, on November 9, 2024. (AFP)

“COAS [chief of army staff] highlighted that terrorism will never be tolerated and reaffirmed the nation’s resolve and commitment toward eradicating the menace,” the ISPR said. 
“COAS emphasized that this mission will be pursued with full national resolve and collective determination.”
Munir stressed that the fight against “terrorism” requires the support of all Pakistanis, along with the efforts of the military and civil institutions, to secure a peaceful and prosperous future for the country, the ISPR said.




In this handout photo, taken and released by Pakistan’s Inter-Service Public Relations (ISPR), Pakistan’s civil and military leadership attend the funeral prayers of army officers, who were killed during a suicide bombing in Quetta early Saturday, in Quetta on November 10, 2024. (ISPR)

 MILITANCY IN BALOCHISTAN
Balochistan is a resource-rich but impoverished province where separatist militants have been fighting a decades-long insurgency to win secession of the region. Insurgents say they are fighting what they see as the unfair exploitation of the province’s mineral and gas wealth by the federation at the center.




Blast victims get treatment in a hospital following an explosion at a railway station in Quetta, in Pakistan’s Balochistan province, on November 9, 2024. (AFP)

The Pakistani government and military deny they are exploiting Balochistan and have long maintained that neighbors such as India, Afghanistan and Iran foment trouble in the remote province and support and fund the insurgency there to impede its development potential. Balochistan is home to major China-led investment projects such as a strategic port and a gold and copper mine.
The rise of separatist attacks in Balochistan poses a major challenge for the weak coalition government of Prime Minister Shehbaz Sharif, which is battling an economic crisis and political instability as well as a rise in militant violence by both religiously motivated and separatist groups across the country.




People mourn the death of their relatives in a hospital following a bomb blast at a railway station in Quetta, in Pakistan’s Balochistan province, on November 9, 2024. (AFP)

Balochistan is also in the grips of civil rights protests by young ethnic Baloch who are calling for an end to what they describe as a pattern of enforced disappearances and other human rights abuses by security forces, who deny the charge.


Pakistan’s finmin discusses financial cooperation with Saudi National Bank chairman in Davos

Updated 8 sec ago
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Pakistan’s finmin discusses financial cooperation with Saudi National Bank chairman in Davos

  • Muhammad Aurangzeb meets SNB chairman at sidelines of World Economic Forum summit in Davos 
  • Pakistan’s finmin meets Egypt’s planning minister, discusses ongoing projects between two countries 

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb met Saudi National Bank Chairman Saeed bin Mohammed Al-Ghamdi on Tuesday to discuss financial cooperation and strengthening banking sector partnerships between the two countries, Pakistan’s finance ministry said. 

The meeting between the two officials took place during the sidelines of the World Economic Forum (WEF) summit in Davos, which will be held till Jan. 24 under the theme: ‘Collaboration for the Intelligent Age’.

Pakistan and Saudi Arabia are close regional partners and economic allies, with both countries signing 34 agreements worth $2.8 billion in October 2024. 

“The two leaders discussed potential financial cooperation between Pakistan and Saudi Arabia, particularly focusing on strengthening partnerships in the banking sector,” the finance ministry said in a statement. 

Aurangzeb briefed Ghamdi about Pakistan’s economic progress and the improvements made by the South Asian nation in its international financial rankings.

“Both sides expressed their commitment to further deepen economic ties for mutual benefit,” the ministry said. 

Meanwhile, the Saudi Export-Import Bank and Pakistan’s Bank Alfalah also signed a $15 million financing agreement, strengthening access to Pakistani markets and boosting trade and economic ties. 

Separately, Aurangzeb also met Egyptian Minister of Planning, Dr. Rania Al-Mashat at the sidelines of the summit. The two ministers discussed ongoing programs and projects between Pakistan and Egypt, the finance ministry said. 

“The two ministers agreed to continue discussions on economy and finance and learn from each other’s experiences,” the statement said. 


Saudi EXIM Bank signs $15m deal with Pakistan’s Bank Alfalah to boost trade

Updated 21 January 2025
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Saudi EXIM Bank signs $15m deal with Pakistan’s Bank Alfalah to boost trade

  • Agreement designed to enhance Kingdom’s exporters access to Pakistani markets
  • In October, businesses from both countries signed agreements worth $2.8 billion

RIYADH: The Saudi Export-Import Bank and Pakistan’s Bank Alfalah have inked a $15 million financing agreement, designed to enhance Kingdom’s exporters access to Pakistani markets and foster stronger trade and economic ties.

The new credit line deal seeks to increase the flow and competitiveness of the Kingdom’s non-oil exports as well as unveil new trade horizons between the two countries, the Saudi Press Agency reported.

This falls in line with Pakistan’s efforts to strengthen trade and investment ties with the Kingdom, with the Saudi government reaffirming its commitment in September to fast-track a $5 billion investment package for the Asian country.

This also aligns with Saudi EXIM’s goal of diversifying the Kingdom’s economy by offering financing and insurance products for non-oil exports in support of Vision 2030.

“The agreement comes within the bank’s efforts to strengthen strategic relations with international banks and financial institutions to provide financing solutions that contribute to the development of Saudi non-oil exports and enhance their competitiveness in Pakistani markets, by encouraging importers from Pakistan to import Saudi products and services, which opens up broad prospects for the development of trade and investment between the two countries, and creates more promising trade and investment opportunities,” said General Director of the Finance Department at Saudi EXIM Bank Abdul Latif bin Saud Al-Ghaith.

The Group Head of Corporate, Investment Banking, and International Business at Bank Alfalah, Farooq Ahmed Khan, said: “The agreement between Saudi EXIM Bank and Bank Alfalah Ltd. is a milestone in strengthening trade relations between the Kingdom and Pakistan.”

He added: “The financing line will enable Pakistani companies to access high-quality products in the Kingdom and will also enhance the volume of trade exchange between the two countries. 

“We at Bank Alfalah are proud to play a pivotal role in promoting trade and investment opportunities that are in line with the shared vision to strengthen and grow the economies of both countries.”

In October, Saudi businessmen expressed hope for successful collaborations in Pakistan, saying the country’s economic stability and improved regulatory framework had made it an attractive investment destination, following the signing of over two dozen deals between companies from both nations.


Pakistan condoles loss of lives as Turkiye ski resort fire kills 66

Updated 21 January 2025
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Pakistan condoles loss of lives as Turkiye ski resort fire kills 66

  • Fire erupted overnight in hotel of Turkiye’s Kartalkaya ski resort
  • Pakistan stands shoulder-to-shoulder with Turkiye, says foreign office

ISLAMABAD: Pakistan’s foreign office on Tuesday condoled over the loss of lives caused by a deadly fire at a ski resort in Turkiye that killed at least 66 people and wounded over 50 others. 

The blaze erupted overnight in the restaurant of the hotel in the famous Kartalkaya ski resort in Bolu province on Monday. 

Television footage showed the roof and upper floors of the building engulfed in flames as witnesses and reports indicated that the hotel’s fire detection system had failed to activate. 

As per reports, 234 guests were staying at the hotel when it caught fire.

“The government and people of Pakistan are deeply saddened by the devastating fire at a hotel in the Kartalkaya ski resort in Bolu, Türkiye this morning,” the foreign office said.

“Pakistan extends its heartfelt condolences to the Government and people of Türkiye, particularly to the families who have lost their loved ones.”

The foreign office said Pakistan stands shoulder-to-shoulder with Turkiye, reaffirming its solidarity with the nation. 

According to the state-owned Anadolu Agency, Turkish Justice Minister Yılmaz Tunç said four people, including the business owner, were detained over the fire incident.

He said six public prosecutors were assigned to the probe, adding that a team of experts were looking into the cause of the fire.

Kartalkaya, which lies about 295 kilometers east of Istanbul, is one of Turkiye’s premier winter tourism destinations that attracts thousands of visitors every winter.


Pakistan contacting UAE to extradite real estate tycoon accused of graft— state media

Updated 21 January 2025
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Pakistan contacting UAE to extradite real estate tycoon accused of graft— state media

  • State media alleges Malik Riaz Hussain has illegally occupied lands owned by state, private persons
  • Hussain, who is co-accused in land graft case involving former PM Imran Khan, denies wrongdoing

ISLAMABAD: Pakistan’s government is reaching out to the United Arab Emirates (UAE) to extradite real estate tycoon Malik Riaz Hussain, the co-accused and proclaimed offender in a land graft case involving former prime minister Imran Khan, on charges of building housing societies on lands he does not legally own, state-run media reported on Tuesday. 

Hussain, currently residing in the UAE, is one of Pakistan’s richest and most powerful businessmen and biggest private employers. He is known for being the chairman of Bahria Town Limited, which calls itself Asia’s largest private estate developer.

The development takes place after a Pakistani court last Friday sentenced Khan to 14 years in prison and his wife, Bushra Khan, to seven years in jail. Both were accused of receiving land as a gift from Hussain during Khan’s premiership from 2018 to 2022 in exchange for illegal favors. 

Khan says he and his wife were merely trustees and did not benefit from the land transaction. Hussain has also denied being involved in any wrongdoing related to the case. 

“The Government of Pakistan is reaching out to the Government of United Arab Emirates for the extradition of Malik Riaz through legal channels,” state broadcaster Radio Pakistan reported. 

Radio Pakistan said Pakistan’s anti-corruption watchdog is conducting an inquiry against Hussain and his accomplices for fraud, deceptive practices and cheating the public at large.

It said the National Accountability Bureau (NAB) has credible information that Hussain and his accomplices not only illegally possessed and occupied state-owned land but also land belonging to private persons in Karachi, Takht Parri, Rawalpindi and New Murree areas. 

The state broadcaster said Hussain is developing housing societies on these lands 
without obtaining regulatory permissions, accusing him of committing fraud against the state and public amounting to billions of rupees. 

It mentioned that Riaz has recently launched a project to construct luxury apartments in Dubai, warning the public against investing in it. 

“The general public at large is hereby advised and warned to refrain from investing in the stated project,” it said.

“If the general public at large invests in the stated project, their actions would tantamount to money laundering, for which they may face criminal and legal proceedings.”

Hussain has not responded to the latest allegations against him. However, in May 2024, the real estate tycoon took to social media platform X to condemn a raid by NAB at his company’s offices in Pakistan. 

Hussain vowed not to give in to “bullying.” The post, however, was a cryptic one as the real estate developer did not state specifically who was pressurizing him.


Pakistan says it has agreed $1 billion loan with two Middle Eastern banks

Updated 21 January 2025
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Pakistan says it has agreed $1 billion loan with two Middle Eastern banks

  • Loans are short-term with 6 to 7 percent interest rate, says Muhammad Aurangzeb
  • Pakistan aims to boost finances after securing $7 billion IMF bailout in September

DAVOS, Switzerland: Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country looks for more financing.

“With two institutions we have now gone forward in signing up the term sheet — one bilateral and one for trade (finance),” Aurangzeb said during an interview on the sidelines of the World Economic Forum annual meeting in Davos.

The loans were short-term — or up to one year, Aurangzeb added.

Pakistan aims to boost its finances after securing a $7 billion International Monetary Fund (IMF) bailout in September 2024, with the first review set for late February.

“We have the first formal review of the EFF coming through toward (the) end of February,” Aurangzeb said. “I do think we are in good stead for that review.”

IMF extended fund facilities (EFFs) provide financial assistance to countries facing serious medium-term balance of payments problems resulting from structural weaknesses that require time to address.