Pakistan says two army commandos killed, at least 15 injured retaking police center from militants

Security officials guard a blocked road leading to a counter-terrorism center after security forces starting to clear the compound seized earlier by Pakistani Taliban militants in Bannu, a northern district in the Pakistan's Khyber Pakhtunkhwa province, Tuesday, Dec. 20, 2022. (Photo courtesy: AP)
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Updated 20 December 2022
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Pakistan says two army commandos killed, at least 15 injured retaking police center from militants

  • Counterterrorism facility was seized two days ago by Taliban militants who overpowered guards and took hostages
  • Defense minister says Army’s Special Service Group launched the operation, all ‘terrorists’ inside compound killed

BANNU/MARDAN: Pakistani Defense Minister Khawaja Asif said on Tuesday all militants who had seized a counterterrorism interrogation center two days ago had been eliminated in an operation to retake the facility in which two military commandos had been killed and at least 15 were wounded.

The counterterrorism department [CTD] facility was seized on Sunday by Pakistani Taliban (TTP) militants who overpowered guards, seized arms and took hostages. On Monday, a spokesperson for the provincial Khyber Pakhtunkhwa government said authorities had opened talks with militants inside the CTD center but an operation to take back the facility, located in a military cantonment, was launched early on Tuesday afternoon.

Speaking on the floor of the National Assembly, Defense Minister Asif said the operation was launched by the Pakistan Army’s Special Service Group (SSG).

“Ten to fifteen of our SSG commandos, including one officer, were injured. Besides this, there have been two martyrdoms. And all hostages have been freed,” he said. “All terrorists have been killed in this operation and today the whole compound of CTD was cleared by 230pm.”

Asif called the hostage situation an “utter failure” of the provincial government of Khyber Pakhtunkhwa and added: “Ultimately our armed forces had to get hostages freed, killed the militants and give sacrifices.”

Releasing its own statement, the TTP said the army had not been able to enter the compound, adding that the group would release more details later.

A statement from the army’s media wing, ISPR, said the operation “is going to be completed soon.”

Earlier, an interior ministry official for the provincial government of Khyber Pakhtunkhwa had confirmed to Arab News that the operation had been completed.

“Job is done,” Babar Khan Swati, an adviser at the KP home department said. “The operation has been completed and all terrorists have been eliminated,” he added, declining to share figures of those killed and wounded.

A senior military official who declined to be named said the “fight is over but the clearing operation is still ongoing.”

Video footage shared by an Arab News witness in the early afternoon showed plumes of smoke rising from the vicinity of the Bannu military cantonment. Residents reported hearing firing and loud explosions.

The government announced a “medical emergency” at hospitals in Bannu city, while schools and other educational facilities remained closed on Tuesday. Barricades were placed on all roads leading up to the military cantonment and the area was completely sealed off to the public and media. The Internet has been shut down for at least two days in the city.

Residents Arab News spoke with expressed fear over the standoff.

Noor Aslam, village secretary of the union council Mombati Barakzai, said life had come to a standstill in the city.

“Due to mobile phones, all business here has stopped,” he said. “We can’t meet anyone or speak to them.”

“We don’t know when this situation will end,” he said. “I only know that people are worried.”

“DON’T SURRENDER BEFORE THE ENEMY”

In a statement released on Monday, the TTP said detainees linked to the group had taken “several military officers and jail staff” hostage at the CTD facility. The group demanded safe passage for its members to Pakistan’s tribal regions of North and South Waziristan.

In a video statement released on Tuesday, TTP chief Mufti Noor Wali Mehsud advised militants inside the CTD center not to “surrender before the enemy under any circumstances.”

“Once (you) have shown honor, sacrifice your life but don’t dishonor the fighters in front of the enemy,” he said in his message. “They [Pakistan government and military] have always deceived us in and out of the jails, [and] have broken their pledge so don’t be deceived by them.”

The TTP, which has stepped up attacks since it announced the end of an Afghan Taliban-brokered cease-fire with the government last month, has long used violence in a bid to take over Pakistan and enforce its own harsh brand of Islam.

The TTP’s siege of the CTD center on Sunday came on the same day four Pakistani police officers were killed and another four critically wounded when suspected militants attacked a police station in Lakki Marwat district in the country’s northwest.

On Monday, a suicide bombing killed at least two passersby and a soldier in the northwestern region of North Waziristan. On Tuesday, the TTP said in a statement it had attacked a police station in Wana city in South Waziristan and killed two policemen and captured weapons but police said only one officer had been wounded.

- Rehmat Mehsud contributed reporting from Peshawar.


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.