TTP claims taking counter-terrorism center in Bannu hostage, government says operation to be completed soon

Police stand guard along a road they blocked after Taliban militants seized a police station in Bannu, Pakistan, on December 19, 2022. (AFP)
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Updated 19 December 2022
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TTP claims taking counter-terrorism center in Bannu hostage, government says operation to be completed soon

  • Government official says prisoners snatched weapons from interrogators, released other inmates
  • TTP says granting prisoners’ safe passage to North, South Waziristan ‘only way’ to save hostages

ISLAMABAD: The Pakistani Taliban on Sunday claimed to have taken a large number of hostages at a counter-terrorism center in northwestern Pakistan, while the government said a security operation against the militants— who have been surrounded— would be completed soon. 

Prisoners at a counter-terrorism center in northwestern Pakistan’s Bannu city on Saturday snatched weapons from their interrogators and helped release other inmates, the Khyber Pakhtunkhwa government confirmed. 

Pakistan has been fighting an insurgency by the TTP, which associates itself with Afghanistan’s Taliban. The Taliban regime in Afghanistan had been trying to broker talks between the Pakistani government and the TTP, which broke down earlier this year. 

KP government spokesperson Barrister Dr. Muhammad Saif, in a message to the media, denied militants had infiltrated the compound in the Bannu Cantonment area on Saturday. 

“Under interrogation militants snatched weapons from the interrogators and released more prisoners who have all been surrounded. The operation will be completed soon,” he said in a message to the media. 

Meanwhile, the Pakistani Taliban or the Tehreek-e-Taliban Pakistan (TTP) said prisoners at the Bannu counter-terrorism center— which included the banned outfit’s fighters as well— had taken several Pakistan Army officers and the staff at the compound hostage. 

“They [prisoners] have been trying hard since last night to provide safe passage to them [hostages] but the Pakistan Army is not letting go of its ego,” the TTP said in a statement released to the media. 

The Pakistani Taliban rejected media reports that prisoners were seeking safe passage to Afghanistan. The TTP said it had spoken to government representatives to demand the prisoners be shifted to the tribal areas of North or South Waziristan. The banned outfit said, however, that the government had not given a “positive response” in return. 

“The only way to save the army personnel and prison staff taken hostage is to accept the prisoners’ demands and let them go to North or South Waziristan,” the Pakistani Taliban warned. 

The TTP said that it had instructed its fighters not to surrender to the army in case their demands are not accepted. The militant group denied the weapons being used by the prisoners had arrived from Afghanistan, adding that the prisoners had snatched them from their interrogators. 

Meanwhile, former prime minister Imran Khan blamed the government for failing to deal with the recent incidents of militancy in the country. 

"Apart from running our economy to the ground, this Imported govt has failed to deal with the 50% increase in terrorism in Pak with incidents from Chaman to Swat to Lakki Marwat to Bannu," he wrote on Twitter. 

 


Pakistan to press ahead with privatization after $441 million net loss in FY2024-25

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Pakistan to press ahead with privatization after $441 million net loss in FY2024-25

  • National Highway Authority and power distribution companies are major loss contributors
  • The government says reforms agenda is shifting ‘from diagnosis to delivery’ after PIA sale

KARACHI: Pakistan is pressing ahead with plans to privatize state-owned enterprises (SOEs) after official data released on Friday showed the sector posted a net loss of PKR 122.9 billion ($441 million) in the year ended June 2025, with the government approving new transactions involving power utilities, an international airport and other major assets.

The Cabinet Committee on State-Owned Enterprises, chaired by Finance Minister Muhammad Aurangzeb, reviewed the Annual Consolidated Performance Report of SOEs for the fiscal year ended June 2025. The report was prepared by the Finance Division’s Central Monitoring Unit, which showed SOEs remain a significant drag on public finances.

“The Committee was informed that during FY 2024-25, aggregate revenues of SOEs stood at approximately PKR 12.4 trillion [$44.6 billion], reflecting a decline largely attributable to reduced profitability in the oil sector following lower international oil prices,” said an official statement circulated by the Finance Division.

“Aggregate profits of profit-making SOEs declined by 13 percent to PKR 709.9 billion [$2.55 billion] compared to PKR 820.7 billion [$2.95 billion in the preceding year], while aggregate losses of loss-making SOEs showed improvement, declining by around 2 percent to PKR 832.8 billion [$2.99 billion],” it added. “Despite this improvement, the net result was an overall net loss of PKR 122.9 billion [$441 million] for the SOE sector, compared to a net loss of PKR 30.6 billion [$110 million] in the previous year.”

It was highlighted that losses remain heavily concentrated in a small number of entities, particularly in the transport and power distribution sectors.

“National Highway Authority and several power distribution companies continued to be major loss contributors, reflecting structural issues, high depreciation, financing costs, and the public service nature of certain operations that are not commercially viable,” the statement said.

It added the cabinet committee directed that the findings of the report be shared with relevant ministries to inform reform measures and that progress on audits, governance reforms, debt rationalization and fiscal risk containment be reviewed regularly.

In a separate post on X, government finance adviser Khurram Schehzad said the SOE reform agenda was shifting “from diagnosis to delivery,” citing recent privatizations including First Women Bank, the shutdown of Utility Stores Corporation and progress on Pakistan International Airlines.

The Privatization Commission also held a meeting during the day, saying it would also move ahead with the privatization of power distribution companies while recommending that Islamabad International Airport be included in the privatization program under an open, competitive concession model.

It also decided to restart the sale process for House Building Finance Company Limited after terminating an earlier negotiated transaction that failed to meet valuation benchmarks.

Pakistan is implementing structural reforms under a $7-billion program agreed with the International Monetary Fund, which has urged Islamabad to rein in losses at state firms and reduce fiscal risks stemming from debt and guarantees.