50 Pakistani fighters killed in Turkish strikes in Syria — Pakistan officials

A screengrab taken from a video released by the Turkish Defence Ministry on March 1, 2020 shows an airstrike by the Turkish military on Syrian regime positions. (Handout/Turkish Defence Ministry via AFP)
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Updated 07 March 2020
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50 Pakistani fighters killed in Turkish strikes in Syria — Pakistan officials

  • The deceased likely belong to Zainebiyoun Brigade, a militant group comprising Pakistani Shias fighting in Syria and Iran
  • Iranian news agency said 21 members of Fatemiyoun and Zainebiyoun brigades killed in recent military action

KARACHI: Up to 50 Pakistani fighters have been killed in military action by the Turkish army and Syrian regime forces in Syria’s last major rebel stronghold in the northwest of the country, officials told Arab News this week.
Fighting has escalated dramatically in recent days in Idlib in northwest Syria, where Turkey has sent thousands of troops and military vehicles in the last month to counter Syrian government forces’ advances in the last remaining bastion held by rebels. On the opposite side in Syria’s nine-year conflict is Russia, which supports President Bashar Assad and has also carried out airstrikes in recent days.
On Thursday, Turkey and Russia agreed to a cease-fire deal after talks in Moscow to contain a conflict that has displaced nearly a million people in three months.
“The number of those [Pakistanis] killed is more than 50,” an official told Arab News on condition of anonymity as he was not authorized to speak to the media about the issue.
Another government official confirmed that 50 Pakistanis had been killed.




A poster showing 47 Pakistani militiamen associated with Zainebiyoun Brigade is being shared by Zainebiyoun on its Facebook page on March 1, 2020 with an Urdu caption that reads “today is Shabb-e-Jumma (Night of Juma) Surah Fateh for the martyrs of Zainebiyoun). (Photo courtesy: Zainebiyoun/Facebook)

Pakistan’s foreign office did not respond to Arab News queries when contacted to comment on this news.
The deceased likely belong to Zainebiyoun Brigade, a militant group that was placed on the US Treasury’s financial blacklist in January 2019 and comprises Pakistani Shias fighting in Syria and Iran.
According to media reports, Zainebiyoun Brigade has over 800 Pakistanis fighting in Syria. The group’s fighters are allegedly trained by Iran’s Quds Force, the military unit responsible for projecting Iran’s influence via proxies across the Middle East.
“Following the clashes in Syria’s Idlib [region], 21 members of Fatemiyoun and Zainebiyoun brigades were martyred,” Iran’s Hawzah News Agency reported on Sunday, adding that 18 of the deceased belonged to the Zainebiyoun Brigade.
“This is not the first incident where Pakistanis have been killed in Syria,” Pakistani security analyst Muhammad Amir Rana said, adding that Pakistani militants fighting for both Daesh and Assad’s forces, had been killed in Syria in the past. He said many Pakistanis had also been arrested upon their return from Syria but could not provide an exact number of fatalities.




Coffin of Naver Khan, a Pakistani militiaman of Zainebiyoun Brigade, is being taken for funeral at Qom city of Iran on March 1, 2020. (Photo courtesy: IRIB News)

Defense analyst Brig. (R) Mahmood Shah said a small number of Sunni militants had also gone to Syria to join Daesh.
“People from the Shia community have religious affinity with Iran, Iraq and Syria and sacred places over there, so their number may be high,” Shah told Arab News. “With war intensifying in the coming days, more deaths [of Pakistanis] are expected.
Last month, Pakistani police claimed to have arrested an important member of the Zainebiyoun brigade from the port city of Karachi.


Saudi National Bank receives non-binding offer for 84.5% stake in Samba Bank Pakistan

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Saudi National Bank receives non-binding offer for 84.5% stake in Samba Bank Pakistan

  • Any potential transaction will require regulatory clearance and complete due diligence
  • Filing submitted to PSX under statutory disclosure rules of the Securities Act 2015

KARACHI: Saudi National Bank (SNB), the majority shareholder in Samba Bank Limited, has received a non-binding offer from Najd Gateway Holding Company for the potential sale of its 84.5 percent stake in the Pakistani commercial lender, a disclosure to the Pakistan Stock Exchange said on Friday. 

The announcement places Samba Bank among the more significant banking assets currently in play in Pakistan’s financial sector, where foreign ownership remains concentrated but sensitive to valuation, capital requirements, and macroeconomic pressures. Any potential acquisition, if pursued, would rank among the most consequential foreign banking exits in recent years, subject to fit-and-proper approvals and regulatory clearance from the State Bank of Pakistan and the Securities & Exchange Commission of Pakistan.

“The Saudi National Bank (‘SNB’), as the majority shareholder of Samba Bank Limited, has notified that they have received a non-binding offer from Najd Gateway Holding Company relating to the proposed divestment of SNB’s 100 percent stake in Samba Bank Limited (‘Samba Pakistan’),” the filing stated. 

“Any decision relating to the potential transaction or process rests entirely thereon, including access to relevant documents for purposes of diligence, shall be subject to internal and regulatory approvals and execution of definitive agreements.”

If the divestment proceeds, it would mark a change of strategic ownership and may trigger regulatory review of capital commitments, governance structure and operational continuity under a new investor. The PSX notice did not disclose valuation, timelines or negotiation status.

The bank said it issued the statutory disclosure under Securities Act 2015 and the Rule Book of the Pakistan Stock Exchange.

Samba Bank currently operates as a listed, foreign-owned commercial bank in Pakistan, with paid-up capital positioned above the regulatory minimum and a footprint in corporate, SME and consumer banking. SNB’s shareholding stems from its earlier takeover of Samba Financial Group following a merger in Saudi Arabia.