PM vows ‘capacity-building’ of security forces in Pakistani province hit by deadly bombing

Prime Minister of Pakistan Shehbaz Sharif attends the Shanghai Cooperation Organisation (SCO) leaders' summit in Samarkand on September 16, 2022. (AFP)
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Updated 03 February 2023
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PM vows ‘capacity-building’ of security forces in Pakistani province hit by deadly bombing

  • Police are investigating how bomber reached mosque inside fortified police compound and killed 101 people
  • Sharif has invited all political leaders to an All Parties Conference on Feb. 7 to discuss “national challenges“

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the federal government would extend “maximum support” in strengthening the Counter Terrorism Department (CTD) and police force of Khyber Pakhtunkhwa province, whose capital city of Peshawar was hit this week by one of the deadliest suicide bombings the region has seen.

The PM’s remarks came as Pakistani police investigate how a suicide bomber reached a mosque inside a highly fortified police compound and killed 101 people, mostly policemen. The provincial police chief has said the attacker disguised himself in a police uniform and did not raise suspicion among guards before he carried out the attack.

There has been a rise in terror attacks in Pakistan since November last year, when the Pakistani Taliban unilaterally called off a fragile truce deal brokered with the government.

Speaking at a meeting of top government and military officials in Peshawar to discuss steps to eradicate militancy, Sharif said the “capacity-building” of security departments in KP province was needed given that it had, like the rest of the country, seen a rise in attacks.

“The federal government would extend maximum support in strengthening the Counter Terrorism Department and police of Khyber Pakhtunkhwa to help it better fight terrorism,” Sharif said.

“I understand that federation and provinces, leadership of all parties, religious leaders should take ownership, come together and fight it (militancy), putting aside their differences, be it political, regional or relating to any school of thought,” the PM added. “I have no doubt in it that despite this major setback, God willing, we will overcome this… it was a terrorism incident and to crush it, we will have to move forward without wasting time.”

On Thursday, Sharif invited all political parties and leaders, including his rival and predecessor, ex-premier Imran Khan, to an All Parties Conference to be held on February 7, on the country’s “national challenges.”

Among the key challenges is how to deal with the Pakistani Taliban, also called Tehreek-e-Taliban Pakistan (TTP), which has recently increased attacks on the police and army as part of its campaign against the government in Islamabad.

The TTP has denied responsibility for the Peshawar mosque attack, which no group has claimed so far. Provincial Police Chief Moazzam Jah Ansari told reporters earlier this week he suspected a breakaway faction of the TTP, called Jamat-ul-Ahrar, was involved.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.