Two guards who fought, and died, like soldiers at Gwadar’s Pearl Continental Hotel

This undated selfie of Bilawal Lashari (right) and Zahoor Ahmed was taken by Lashari at the Pearl Continental Hotel Gwadar where they were employed as security guards and died in a militant attack on May 11, 2019 (Photo handout by family friend Khuda Bux Lashari)
Updated 14 May 2019
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Two guards who fought, and died, like soldiers at Gwadar’s Pearl Continental Hotel

  • Bilawal Lashari had been a guard at the hotel for 3.5 months, his cousin Zahoor Ahmed was recently posted there from PC Karachi
  • Gunmen stormed the luxury hotel on Saturday, killing Lashari, Ahmed and three others

KARACHI: For as long as he could remember, Bilawal Lashari had dreamt of becoming an army officer. So as soon as he graduated as an intermediary in 2017, he applied to take an entry test and undergo a medical examination.
Much to Lashari’s disappointment, a slight tilt in his leg led him to fail his physical and he had to accept that his dream of fighting for and protecting his homeland was not to be.
Two years later, however, he would lay down his life doing exactly that.
On Saturday, May 11, 2019, gunmen stormed the Pearl Continental Hotel in the port city of Gwadar in Balochistan province, killing four hotel employees and one Pakistan Navy soldier. Lashari was among those who perished, shot dead trying to block the attackers from entering the luxury hotel in which Chinese and other foreign guests often stay. He was 22.
Lashari had worked at Pearl Continental, popularly called the PC Hotel, for three and a half months and is survived by a wife and an eight-month-old son Hasnain.
“My son always wanted to be a soldier,” Lashari’s father Muhammad Yousuf told Arab News via telephone from his native village, Hajji Khan Lashari, in the southern Pakistani province of Sindh, adding that he became a guard after he was not selected in the army for medical reasons.




This undated selfie of Bilawal Lashari (right) and Zahoor Ahmed was taken by Ahmed at Pearl Continental Hotel Gwadar where they were employed as security guards and died in a militant attack on May 11, 2019 (Photo handout by family friend Khuda Bux Lashari)

“He could not become a soldier but he died doing what a soldier would do for his country,” Yousaf said, his voice cracking. “God chose to post him at a place where we would be faced with enemies.”
Yousaf grew silent and then added: “He was my eldest and most beloved child and you can’t imagine the pain I feel over losing him. But he has raised my head in pride. He took all the bullets straight to his chest.”
Gwadar, in the resource-rich but underdeveloped southwestern province of Baluchistan, is the crown jewel of China’s $62 billion investment in Belt and Road Initiative projects in Pakistan.
Separatist groups have for decades fought a low-level insurgency against the government in the province, claiming that Baluchistan’s gas and mineral resources are unfairly distributed by richer provinces. The groups also oppose Chinese projects in the area.
Saturday’s attack was claimed in a Twitter post by the Balochistan Liberation Army, a separatist group that has long operated in the area.
Yousuf said before Lashari became a guard, he worked for a while at the family’s two-acre farm. But water scarcity in the area and lack of prospects for farming soon pushed him to look for another job. His cousin Zahoor Ahmed, a security guard at the Pearl Continental Hotel, came to his rescue and got him a job at the hotel.
Both were killed in Saturday’s attack in which Ahmed’s brother was also wounded.
Ahmed’s father Kamal Khan described his son as someone who was always ready to help his family and friends and said he had aided many young men from the village in finding jobs. He had recently been promoted at his job at the PC Hotel in Karachi and was transferred to the Gwadar branch, Khan said. Throughout his time at the hotel, he had pushed for jobs there for many of his village mates.
“My one son, Zahoor Ahmed, laid his life for the country. Another, Rasheed Ahmed, is seriously wounded and now being treated in Karachi,” Khan said. “But their actions have lessened my pain.”
“I am proud of my son,” he said about Ahmed. “He sacrificed his life for the country and gave a message to the enemies that we Pakistanis are brave.”
On Sunday night, as the bodies of Lashari and Ahmed were brought to their hometown from Gwadar, thousands of people from nearby villages and towns thronged to the funeral prayers.
“We feel grief but not regret,” said Khuda Bux Lashari, a childhood friend of both men. “People are calling them heroes.”
Ahmed’s father said he would come back from Gwadar for a two-week visit every six months and the family had been expecting him home at the end of Ramadan, for Eid celebrations. This time, a special treat awaited him: he would meet his daughter Zoya, born three months ago in his absence, for the first time.
“She was going to meet her father on this Eid,” Khan said. “Though she will never see him now when she hears about his story, she will be proud.”


Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

Updated 22 February 2026
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Islamabad dismisses claims about paying up to 8 percent interest on foreign loans as ‘misleading’

  • Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves
  • Pakistan’s total external debt, liabilities stand at $138 billion at an overall average cost of around 4 percent, ministry says

KARACHI: Pakistan’s finance ministry on Sunday dismissed as “misleading” claims that the country is paying up to 8 percent interest on external loans, saying the overall average cost of external public debt is approximately 4 percent.

Pakistan has long relied on external loans to help bridge persistent gaps in public finances and foreign exchange reserves, driven largely by a narrow tax base, chronic trade deficits, rising debt-servicing costs and repeated balance-of-payments pressures.

Over the decades, successive governments have turned to multilateral and bilateral lenders, including the International Monetary Fund, the World Bank and the Asian Development Bank, to support budgetary needs and shore up foreign exchange reserves.

The finance ministry on Sunday issued a clarification in response to a “recent press commentary” regarding the country’s external debt position and associated interest payments, and said the figures required contextual explanation to ensure accurate understanding of Pakistan’s external debt profile.

“Pakistan’s total external debt and liabilities currently stand at $138 billion. This figure, however, encompasses a broad range of obligations, including public and publicly guaranteed debt, debt of Public Sector Enterprises (both guaranteed and non-guaranteed), bank borrowings, private-sector external debt, and intercompany liabilities to direct investors. It is therefore important to distinguish this aggregate figure from External Public (Government) Debt, which amounts to approximately $92 billion,” it said.

“Of the total External Public Debt, nearly 75 percent comprises concessional and long-term financing obtained from multilateral institutions (excluding the IMF) and bilateral development partners. Only about 7 percent of this debt consists of commercial loans, while another 7 percent relates to long-term Eurobonds. In light of this composition, the claim that Pakistan is paying interest on external loans ‘up to 8 percent’ is misleading.

The overall average cost of External Public Debt is approximately 4 percent, reflecting the predominantly concessional nature of the borrowing portfolio.”

With respect to interest payments, public external debt interest outflows increased from $1.99 billion in Fiscal Year (FY) 2022 to $3.59 billion in FY2025, representing an increase of 80.4 percent, not 84 percent as reported. In absolute terms, interest payments rose by $1.60 billion over this period, not $1.67 billion, it said.

According to the State Bank of Pakistan’s records, Pakistan’s total debt servicing payments to specific creditors during the period under reference were as follows: the IMF received $1.50 billion, of which $580 million constituted interest; Naya Pakistan Certificates payments totaled $1.56 billion, including $94 million in interest; the Asian Development Bank received $1.54 billion, including $615 million in interest; the World Bank received $1.25 billion, including $419 million in interest; and external commercial loans amounted to nearly $3 billion, of which $327 million represented interest payments.

“While interest payments have increased in absolute terms, this rise cannot be attributed solely to an expansion in the debt stock,” the ministry said. “Although the overall debt stock has increased slightly since FY2022, the additional inflows have primarily originated from concessional multilateral sources and the IMF’s Extended Fund Facility (EFF) under the ongoing IMF-supported program.”

Pakistan secured a $7 billion IMF bailout in Sept. 2024 as part of Prime Minister Shehbaz Sharif’s efforts to stabilize the South Asian economy that narrowly averted a default in 2023. The government has since been making efforts to boost trade and bring in foreign investment to consolidate recovery.

“It is also important to note that the increase in interest payments reflects prevailing global interest rate dynamics. In response to the inflation surge of 2021–22, the US Federal Reserve raised the federal funds rate from 0.75-1.00 percent in May 2022 to 5.25–5.50 percent by July 2023. Although rates have since moderated to around 3.75 percent, they remain significantly higher than 2022 levels,” the finance ministry said.

“The government remains committed to prudent debt management, transparency, and the continued strengthening of Pakistan’s macroeconomic stability,” it added.