Attacks across Pakistan, including school shooting, kill 14

People carry a teacher's dead body into an ambulance from a hospital after a sectarian violence inside a school in Parachinar, in Kurram district of Pakistan's Khyber Pakhtunkhwa province on May 4, 2023. (AFP)
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Updated 04 May 2023
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Attacks across Pakistan, including school shooting, kill 14

  • Six soldiers killed in shootout in North Waziristan, eight teachers shot dead in two separate incidents
  • Violence underscores challenges PM Sharif is facing amid surge in militant attacks in recent months

PESHAWAR: Gunmen stormed a school in Pakistan’s volatile northwest on Thursday, killing seven teachers and gunning down another teacher from the school in a separate attack. 

Earlier in the day, a shootout with militants elsewhere in the region killed six Pakistani soldiers.

The violence underscores the challenges the government of Prime Minister Shahbaz Sharif is facing amid a surge in militant attacks across the country in recent months.

In Kurram, a district in the northwestern Khyber Pakhtunkhwa province that borders Afghanistan, a group of gunmen stormed a government school where students were taking exams. The seven killed teachers were members of Pakistan’s minority Shiite community, which is frequently targeted by militants.

Another teacher from the same school, a Sunni Muslim, was gunned down on the road in a separate attack earlier in the day in Kurram, according to local police official Abbas Ali.

No one immediately claimed responsibility for the attacks and Ali said it was not clear if they were linked.

“We are looking into all aspects, and so far we have no idea who killed the teachers,” he said. The prime minister condemned the attacks on teachers and ordered a probe into the killings.

Earlier on Thursday, six soldiers were killed in a shootout in North Waziristan, another district in Khyber Pakhtunkhwa province. The military provided no details on the shootout but said that three militants were also killed.

The region is a former stronghold of the Pakistani Taliban — the outlawed Tehrik-e-Taliban Pakistan, or TTP, as the group is also known — and also other militants. TTP is a separate group but allied with the Afghan Taliban.

The Taliban takeover of Afghanistan in August 2021 has emboldened the TTP, which has stepped up attacks across Pakistan, mainly targeting security forces. The military in recent weeks has also carried out multiple raids on militant hideouts in the northwest, killing and arresting dozens of insurgents.

Separately from the surge in militant attacks, Sharif’s cash-strapped government is also struggling to revive a bailout package from the International Monetary Fund and recover from last year’s massive flooding that killed hundreds and caused $30 billion in damages.


Pakistan finmin meets venture capital firm Gobi as $50 million tech fund proposed

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Pakistan finmin meets venture capital firm Gobi as $50 million tech fund proposed

  • Techxila Fund II aims to empower Pakistani startups in fintech, e-commerce, logistics, supply chain sectors
  • Finance Minister Muhammad Aurangzeb reaffirms commitment to strengthen venture capital landscape 

KARACHI: Finance Minister Muhammad Aurangzeb met a delegation of the global venture capital firm Gobi Partners on Thursday during which it proposed a $50 million tech fund to empower Pakistani startups, the Finance Division said. 

Gobi Partners is a prominent Malaysia-based venture capital firm. Founded in 2002, the firm says it has more than $1.6 billion in assets under management and invested in over 400 companies across 16 locations in Asia. 

Aurangzeb held a meeting with a high-level Gobi Partners delegation, which included its Chairman Thomas Tsao, Managing Partner Naiel Ikram and Investment Associate Abraiz Abdullah at the Finance Division. 

The delegation briefed the finance minister on Gobi’s regional footprint and its investments in Pakistan through the Techxila Fund I, which was launched in 2020 and has supported startups across fintech, e-commerce, and digital infrastructure, the Finance Division said. 

“Gobi Partners also shared a plan regarding Techxila Fund II, with a proposed target size of USD 50 million, aimed at investing in high-potential sectors including fintech, logistics, health technology, and software services,” the Finance Division said. 

“The firm expressed its intention to anchor the fund with its own capital and mobilize participation from domestic and international institutional investors.”

The Techxila Fund II aims to empower startups in Pakistan as well, focusing on fintech, e-commerce, logistics and supply chain and health tech, according to an earlier statement from Gobi Partners. 

Aurangzeb underscored the Pakistani government’s commitment to strengthening its venture capital and innovation landscape, saying it is a part of its broader strategy to promote private sector-led growth, deepen financial markets and support technology-driven economic diversification. 

The delegation highlighted the importance of further strengthening the enabling framework for venture capital in Pakistan, the Finance Division said.

“In this regard, they suggested encouraging greater participation by domestic financial institutions in venture capital and private equity, as well as considering tax pass-through status for venture capital and private equity fund investments to facilitate local investor participation,” it added. 

The meeting takes place amid Pakistan’s aggressive attempts to increase foreign investment in recent years. The South Asian country has aimed to consolidate recent economic gains such as lower inflation and higher foreign exchange as it targets sustainable economic growth.