Pakistan vows to respond to militants with 'full force'

Pakistan Prime Minister Shehbaz Sharif (center) chairs National Security Committee in Islamabad, Pakistan, on December 30, 2022. (Government of Pakistan)
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Updated 30 December 2022
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Pakistan vows to respond to militants with 'full force'

  • Development comes as the country witnesses a spike in militant attacks in Balochistan, Khyber Pakhtunkhwa provinces
  • The National Security Committee says “enemies of Pakistan” will not be allowed to harm national interests of the country

ISLAMABAD: Pakistan's National Security Committee (NSC) vowed on Friday to respond to militants challenging the writ of the state with "full force," describing them as the "enemies of Pakistan." 

The decision was made at a meeting, presided over by Prime Minister Shehbaz Sharif, of the country's top body on foreign policy and national security to formulate a strategy to deal with a spike in militant attacks. 

The South Asian country has witnessed a sharp increase in militant attacks in 2022 after outlawed militant groups, including the Pakistani Taliban, ramped up attacks in remote parts of Balochistan and Khyber Pakhtunkhwa provinces. 

“The meeting expressed determination that terrorists are enemies of Pakistan,” a statement issued by PM Sharif's office said after the meeting, which had top civilian and military leaders, including services chiefs and heads of intelligence agencies, in presence. 

“The entire nation is united on one narrative against terrorism and terrorists. Those who challenge Pakistan will get a full force response.” 

 

 

 

During the meeting, intelligence chiefs briefed the participants about law and order, recent wave of militant attacks and ways to deal with it.  

“The meeting expressed an unequivocal opinion that Pakistan’s national interests shall not be compromised and no one shall be allowed to harm the country’s national security,” the statement read. 

Pakistan’s basic interests of survival, security and development would be protected with “great courage, consistency, and steadfastness,” the NSC resolved. 

The participants paid tribute to the sacrifices of the security personnel killed in militant attacks and extended condolences to their families.  

Pakistan's State Minister for Foreign Affairs Hina Rabbani Khar briefed the meeting on the situation in Afghanistan and Pakistan’s relationship with the interim government in Kabul, while Finance Minister Senator Ishaq Dar briefed the forum on the overall economic situation, challenges and the measures taken so far to fix it.  

The NSC will again meet on January 2 to take more decisions in light of various proposals presented at Friday's meeting. 


79 foreign firms, including Middle Eastern investors, enter Pakistan in three years — SECP

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79 foreign firms, including Middle Eastern investors, enter Pakistan in three years — SECP

  • Foreign firms invested about $145 million across energy, logistics, IT and agriculture
  • Pakistani regulator says 19 companies exited market over the same three-year period

KARACHI: Middle Eastern energy and logistics companies including Saudi Aramco, Wafi Energy and DP World expanded their footprint in Pakistan, as 79 new foreign firms commenced operations in the country over the past three years, according to an official statement released on Tuesday.

The figures come as Pakistan seeks to rebuild investor confidence and attract foreign capital to shore up its economy after years of financial turbulence that saw foreign currency reserves shrink, the rupee weaken sharply and inflation surge. Islamabad has been pursuing structural reforms and courting overseas partners to stabilize growth and ease external financing pressures.

“79 new foreign companies commenced operations in Pakistan over the past three years, while foreign firms invested Rs 40.7 billion [$145 million] in key sectors during the same period,” the Securities and Exchange of Pakistan (SECP) said in a statement.

“A total of 61 foreign companies also carried out shareholding transactions involving local entities,” it added. “Of the 61 shareholding transactions, 29 involved transfers to other foreign companies, four to foreign individual investors, 20 to local individual investors, and eight to local corporate entities.”

According to the regulator, several transactions were linked to global corporate restructuring among multinational companies. Saudi Arabia’s Wafi Energy acquired Shell Pakistan’s operations, while Dubai-based PTA Global Holdings secured a majority stake in Lotte Chemical Pakistan.

Saudi Aramco purchased a 40 percent equity stake in Gas & Oil Pakistan Limited, and Switzerland’s Gunvor Group alongside Total Parco Limited acquired equal stakes in TotalEnergies Pakistan.

In logistics, UAE-based DP World entered into a joint venture with Pakistan’s National Logistics Corporation, while investments in the technology and telecommunications sectors included acquisitions and stake purchases involving regional and international firms.

The statement said 1,157 foreign companies are currently registered and operational in Pakistan, with 19 exits recorded over the past three years.