Tehran rejects accusation Karachi blast suspects received guidance from Iran-based commander

Security officials inspect the site after the explosion of a bomb, in Karachi, Pakistan on May 12, 2022. (AFP/File)
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Updated 20 May 2022
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Tehran rejects accusation Karachi blast suspects received guidance from Iran-based commander

  • Allah Dino, killed by police in a gun battle on Wednesday, was trained in Iran, counterterrorism officials says
  • Iran and Pakistan regularly accuse one another of harboring militants that launch attacks on neighboring country

ISLAMABAD: The Iranian embassy in Islamabad has “categorically” rejected statements by Pakistani investigators that suspects in last week’s bombing in the port city of Karachi had been trained in Iran or received instructions from Iran-based commanders. 

The statement from the embassy came hours after counterterrorism authorities in Pakistan said a suspect in a May 12 bombing in the Saddar neighborhood of Karachi had been guided by Asghar Shah, an Iran-based commander of the the little-known Sindhudesh Revolutionary Army (SRA), a dissident faction fighting for independence in the province of Sindh. The group had claimed responsibility for the Karachi blast. 

“Embassy of the Islamic Republic of Iran in Pakistan categorically reject and deny such allegations,” the embassy said in a statement. “The allegations were made in public and in the media without providing any evidence, proof or documents to the government of the Islamic Republic of Iran through official means and this is completely unprofessional and unacceptable.”

“Undoubtedly, a third party seeks to destroy the brotherly and friendly relations between Iran and Pakistan,” the statement added. “Officials and those involved in the media are advised not to fall into the trap of enemies of close relations between Iran and Pakistan.”

In a press release on Thursday, the Counterterrorism Department for Sindh said special investigation teams formed by the CTD in the wake of a latest spate of attacks in Karachi were able to identify a number of suspects through intelligence sources and the use of technology. 

Based on the information, police on Wednesday traced three suspects in the Saddar attack as they traveled by motorcycle to transport explosives in Karachi on the instructions of what the CTD said was an Iran-based SRA commander. In a gun battle with the three suspects, two identified as Allah Dino and Nawab Ali were killed while a third suspect fled the scene. 

“The accused [Allah Dino] had been taking instructions from Asghar Shah, who operates his group [of the SRA] from Iran,” Syed Khurram Ali Shah, a senior CTD official, told reporters on Thursday. 

“The eliminated terrorist Allah Dino was a master of bomb-making and he got his military training from neighboring country Iran,” the CTD press release said. 

Iran and Pakistan regularly accuse each other of harboring militants that launch attacks on the neighboring country. Both nations deny state complicity in such attacks.


Pakistan stocks hit record high on hopes of rate cut, improved US ties

Updated 19 January 2026
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Pakistan stocks hit record high on hopes of rate cut, improved US ties

  • Benchmark index gains 2,662 points, or 1.44 percent, to close at an all-time high of 187,761 points
  • Engro, UBL, Hub Power, Fauji Fertilizer, Meezan Bank and Service Industries added 1,554 points to index

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a record high as it surpassed the 187,500-point mark on Monday, with analysts citing improving ties with the United States and expectations of an imminent interest rate cut.

The benchmark KSE-100 index gained 2,662.86 points, or 1.44 percent, to close at an all-time high of 187,761.69 points, up from the previous close of 185,098.83 points, according to PSX data.

The stock gains came a day after President Donald Trump invited Prime Minister Shehbaz Sharif to join the so-called “Board of Peace” for Gaza, amid increasing Pakistan-US diplomatic and economic engagement since Trump’s rise to presidency.

“Falling government bond yields and improving Pakistan-US relations played a catalyst role in record close at PSX,” Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News.

Meanwhile, Karachi-based market research firm Topline Securities said bulls extended their rally as hopes of a rate cut by the State Bank of Pakistan (SBP) fueled investor sentiment.

“Investor sentiment remained upbeat, largely fueled by rising expectations of an imminent interest rate cut,” it said in a post on X. “Market participants increasingly priced in a 50bps reduction in the upcoming monetary policy, which kept buying interest alive and underpinned broad-based gains.”

In December, the SBP cut its key policy rate by 50 basis points to 10.5 percent, resuming monetary easing after four meetings in a move that surprised many despite International Monetary Fund guidance to keep policy “appropriately tight” to anchor inflation expectations.

Engro Holdings Limited (ENGROH), United Bank Limited (UBL), Hub Power Company Limited (HUBC), Fauji Fertilizer Company Limited (FFC), Meezan Bank Limited (MEBL) and Service Industries Limited (SRVI) collectively added 1,554 points to the benchmark index on Monday, according to Topline Securities.

“Total market volumes stood at 1,195 million shares, while the value of shares traded amounted to Rs63.7 billion,” the research firm said. “[Bank Makramah Limited] BML led the volume chart, emerging as the most actively traded stock with 246 million shares.”